Nansen analysts indicate that Bitcoin's anticipated retracement to near $70,000 is a natural correction within the ongoing bull market, despite concerns from investors about a potential bear market cycle. Bitcoin's price recently fell over 14% to approximately $80,708 following disappointment over a lack of significant federal investment actions regarding Bitcoin. Analysts suggest that this dip is part of a broader 'macro correction,' indicating that crypto and global markets are adjusting to economic uncertainties, which include tariff concerns and fears of recession. The next significant price levels for Bitcoin are anticipated to be between $71,000 and $72,000. Arthur Hayes, co-founder of BitMEX, remarks that a 36% correction from an all-time high of $110,000 is normal in such market dynamics. He notes that past quantitative easing by major central banks has historically bolstered Bitcoin’s price, predicting a potential recovery following this macro correction phase.

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