Bitcoin’s Recovery Sparks Debate: Is This a Bearish Turning Point or a Mid-Cycle Correction?

While Bitcoin witnessed some recovery today after yesterday’s sharp decline, analysts remain divided on the cryptocurrency market’s direction. The largest digital asset surged 7.4% to trade at $91,765. However, it had still retreated nearly 20% from its November peak, testing below the crucial $85,000 level. This drop has fueled speculation about a potential bear market or a temporary correction.