The Bitcoin price reached $88,500 early in the week but retraced to $84,000 at the end of the week.
The recent price correction followed the release of US inflation data and the expectation of delayed rate cuts by the US Federal Reserve.
Crypto analyst Crypto Capo suggests that the Bitcoin price could fall to the $62,000 - $69,000 range, after a possible bull trap reaching $95,000 - $100,000.
Currently, the price of Bitcoin is around $83,300, reflecting a 3% decline in the last 24 hours.