On February 5, Bitcoin's price showed signs of decline, closing under $100,000 for the second time since mid-January. Following a volatile week that saw a significant range in daily prices, the market is poised for consolidation. Despite fears of a potential crash, Bitcoin remains approximately 11% below its all-time high and has experienced an average drawdown of around 12% in the past six months. Comparatively, previous bull cycles saw more substantial corrections, with averages decreasing over time. There's speculation regarding a possible retest of the $90,000 mark, given the recent bearish market structure following a failure to close above $105,000. The analysis indicates that while a drop to $90,000 represents a reasonably sized correction, the worst-case scenario projects a decline to around $81,500. Overall, while current trends suggest caution, recent corrections have not reached the levels deemed a crash under historical standards.

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