Bitcoin prices have fallen in the past few days, retreating from recent historical highs, and have fallen by nearly 25% within 48 hours.
According to relevant data, this morning, the world's most outstanding digital currency fell to $44,964.49.
After falling to a recent low, Bitcoin rebounded and returned to $50,000, and has since been trading between that price level and $46,000.
An article on Bitcoin's latest downtrend called it a "crash."
However, some market analysts took a different view, saying that Bitcoin's latest retracement is completely natural.
Jason Lau, chief operating officer of cryptocurrency exchange OKCoin, said: "From a weekly perspective, this is the first time Bitcoin has appeared in red in a month."
Several analysts have highlighted the positive market conditions that may cause Bitcoin to continue its upward trend.
Jason Lau said: "This kind of decline really makes some traders feel pain, because the 20% decline caused investors to suffer a lot of losses."
He said: "However, long-term market interest remains strong, opening the door for the upward trend to resume."
"Bitcoin futures positions are still at the highest level in history. The recently launched Canadian Bitcoin ETF has shown an incredible rebound, accumulating more than 8,000 BTC in just a few days."
Vinny Lingham, co-founder and CEO of Civic, expressed his thoughts in a Twitter post:
He said in a tweet: "The Bitcoin cycle will only reach its peak when we can't run out of money, and this money has not been fully invested." He meant the Fed's follow-up easing plan?
"This massive backtest of Bitcoin is a healthy correction. IMHO, this gives us more room for development."
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