The current Bitcoin price valuations have spread credible mayhem in the market. The investors have now become very concerned about Bitcoin’s recent price stance, coming up with theories on whether the ultimate bear market momentum has finally arrived. With a multitude of new narratives playing around, several legitimate X handles have now come up with theories stating how Bitcoin’s recent plunge is nothing but a correction, helping BTC aim for higher price valuations.

Also Read: Bitcoin’s Pullback Looks Almost Complete: Here’s the Zone

Bitcoin to Jump Higher, Not Lower

As per the latest post by the Kobeissi Letter, Bitcoin’s latest plunge to $93K is the latest talk of the cryptocurrency market. The KL portal was quick to motivate investors, adding details on how BTC’s latest price plunge is nothing but a temporary correction, helping the asset move upwards.

The portal outlined how, since 2017, Bitcoin has documented 10 declines, comprising the loss of 25% of its value. The portal later shared additional data, underscoring major BTC falls since 2017, stating how the asset has always come out stronger than before.

“To all the crypto investors anxiously watching right now: Since 2017, Bitcoin has seen 1. 10+ declines of -25% or more. 2. 6 declines of -50% or more. 3. 3 declines of -75% or more Every single decline of the current magnitude or more since Bitcoin’s inception has been followed by new record highs. Disruption is not easy, but it pays when you can sound out the noise. This is a “routine” crypto bear market, which we believe is already closer to its end than its beginning. Volatility brings opportunity.”

Analyst Claims BTC Is Under A Reset Zone

Another notable portal on X, CryptosRUs, claimed that Bitcoin is currently in a reset zone. While busy negating the wild BTC plunge theories, the portal shared how Bitcoin’s bottom is inevitable, but the asset is also primed for a breakout, one way or the other.

Also Read: $94K or $105K? Doesn’t Matter. Bitcoin’s Market Is Trillions