Is it true that the bull suffered a coup after yesterday's retreat in Bitcoin? The analyst predicted what would happen next.

Bitcoin's price volatility has once again made headlines; After briefly dropping below $90,000 on Tuesday morning, the BTC price rose above $96,000. While the ups and downs may have unsettled some investors, market experts consider price fluctuations to be normal.

Analyst: “Declines Are Very Normal for Bitcoin”

The recent price movement appears to reflect broader market uncertainty, possibly due to upcoming political developments. Ethereum (ETH) experienced a sharp decline before recovering, mirroring Bitcoin's movements.

James Toledano, an analyst at Unity Wallet, believes that volatility is not unusual.

“The current price movement may seem concerning, but for those of us who have been in this area for a long time, this is just a usual situation. This situation does not necessarily indicate that the bull run is over,” he explained.

Toledano, just seven days after being elected President, indicated a potential turning point in Trump's assumption of office. Markets think that crypto-friendly policy announcements could reignite renewed buying interest. In addition, institutional accumulation continues to play a critical role, and exchange reserves are steadily declining, indicating strong demand despite low trading volumes.

John Glover from the crypto lending firm Ledn reiterated this thought, forecasting a potential increase in the price of Bitcoin in the coming weeks.

Glover said, "Especially considering that the $91,000 level seemed like a strong support, we may see Bitcoin move up another 20-30% in the next few weeks."