Bitcoin’s latest decline has revived a question many hoped had already been settled: Is the correction finished, or just getting started?
The answer coming from market strategists this week leans toward the latter.
Instead of stabilizing after last month’s sell-off, Bitcoin has continued to bleed momentum. The asset even briefly slipped beneath the $90,000 mark before buyers stepped in — a move that rattled traders not because of the price itself, but because of what it implies: support remains fragile.
Technical specialists following the trend say the retreat has not run its course. Among them is Fairlead Strategies’ Katie Stockton, who warns that the indicators used to spot bullish reversals are simply not firing yet. BTC may look oversold on paper, but she argues that oversold conditions don’t automatically translate to a bottom — sometimes they signal that weakness is deepening.
Meanwhile, the macro backdrop is doing crypto no favors. Capital is drifting away from speculative narratives and piling into defensive assets as recession worries creep back into the conversation. AI-heavy equities — once the market’s unstoppable engine — have stalled, dragging the S&P 500 into its longest stretch of losses in months. When the broader appetite for risk deteriorates, Bitcoin typically feels it fast.
From a chart perspective, Stockton isn’t focused on the $90K level that grabbed headlines. The real battleground, she says, lies much lower — in the $78,000 to $80,000 region. That zone represents the line between a mid-cycle pullback and a break in the larger uptrend. If bulls defend it, the cyclical bullish structure survives. If they don’t, the narrative changes.
Interestingly, Stockton doesn’t see the medium-term caution as a contradiction to long-term optimism. The bigger trend still favors higher prices over time, with relatively few technical barriers overhead once momentum eventually rebuilds. It’s just that the transition from correction to recovery rarely happens all at once — and the market may still be in the slow part of that journey.
For now, Bitcoin’s rebound to the mid-$93,000s doesn’t settle anything. The correction isn’t invalidated, sentiment remains fragile, and the decisive test — whether support holds where it matters — still lies ahead.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/dip-below-90k-sparks-fresh-worries-analysts-say-btc-correction-isnt-done/