Bitcoin has slipped from its September local top above $87,000, with several analysts warning of a potential decline toward $62,000 to $79,000 before a renewed rally. Spot Bitcoin ETFs saw net inflows of approximately $2.4 billion last week, the strongest since October 2025, marking eight consecutive days of positive flows. Analysts including Ali Martinez, Gerla, and Crypto with Haris ₿ suggest the current correction may offer a buying opportunity, with targets of $90,000 and $100,000 remain plausible. Doctor Profit considers the broader trend a bull market but expects a correction within it.
The leading cryptocurrency has slipped from a local top above $87,000 seen earlier in September. Analysts now debate whether a deeper pullback is imminent before the uptrend resumes.
Ali Martinez updated his prediction, stating that Bitcoin appears to have broken out of a double bottom pattern and is moving back toward the $82,000 neckline. “If this level holds as support, the retest could offer a buying opportunity before the rally resumes toward the pattern’s $100,000 target,” he said.
Gerla said that Bitcoin’s MVRV ratio has returned to around 1.35 and the cohort is firmly back in profit. He considers this more of a healthy retest than the start of a major downfall.
Crypto with Haris ₿ assumed that Bitcoin “is giving small fake pumps to trap more buyers.” He believes the asset has entered the final bull trap and may plummet to roughly $62,000 before potentially rising above $90,000.
Doctor Profit set a downside target of $79,000 around the 50-week moving average. “Important: I mention first, this does not mean that there is a second target lower, but 79k, and then I can tell based on BTC reaction, but for now it’s 79k and continue to a new high and continuing the bull. Let me make this extremely clear: I consider Bitcoin to be in a BULL MARKET, but I expect a correction WITHIN that bull market,” he added.
Institutional demand remains strong, with spot Bitcoin ETFs accumulating more than $1.6 billion in about 72 hours earlier this month. Data shows last week was the strongest since October 2025, with net inflows reaching nearly $2.4 billion and eight consecutive green days.
