Despite Bitcoin’s recent decline from its all-time high amidst a wave of market pessimism, some analysts believe the downturn may be a temporary correction rather than the start of a prolonged bear market. Trader Alessio Rastani offers a contrasting perspective, highlighting potential bullish signals despite prevailing fears. His analysis suggests that recent price dips following death cross events often precede strong rallies. 75% of the time, he shares, these setups have proven positive for Bitcoin’s trajectory. Additionally, his observations indicate extreme sentiment and oversold technical indicators suggest an upswing in the crypto market. Furthermore, the correlation between Bitcoin and the stock market provides further optimism as synchronized movements suggest a return to risk-on sentiment within the crypto space. While not dismissing timing cycles entirely, Rastani points out that current price action favors a more optimistic outlook. To understand his reasoning thoroughly, interested readers can refer to Cointelegraph’s YouTube channel for the full interview.