Bitcoin Surpasses $71,000: Bull Market Return or Final Rally? Analysts Warn of Correction Risk

Recently, the price of Bitcoin has rebounded above $71,000, with market sentiment briefly boosted by comments from former U.S. President Trump regarding the easing of tensions with Iran. However, this rally has not changed the overall trend—compared to the all-time high of approximately $126,000 reached in October 2025, Bitcoin is still down nearly 45%, clearly in a long-term bear market pattern.

Several market observers have pointed out that the current rise is more akin to a typical "dead cat bounce": a technical rebound in price after a sustained decline due to short-term positive news, but lacking fundamental support. A large number of leveraged long positions in the market face liquidation pressure, and if subsequent buying is weak, it could trigger a new round of sell-offs.

Well-known analyst Michael van de Poppe believes that Bitcoin may test the $75,000 to $80,000 range in the short term, but this surge may only be the final sprint before a correction. He emphasized that the crypto market often breeds the next wave of opportunities in extreme panic, and the real turning point in the trend often appears after most investors have pessimistically left the market. It is worth noting that Bitcoin's movement no longer depends on market confidence or public opinion hype, but is jointly driven by capital flows, macro liquidity, and on-chain behavior. At the current juncture, investors should pay more attention to position structure and risk exposure, rather than chasing short-term price fluctuations.