Bitcoin Price Slips Below $110K Amid Analyst Warnings of $93K Correction

Bitcoin's price has slipped below $110,000 as analysts warn of a potential correction that could push prices toward $93,000 before year-end recovery.

The cryptocurrency fell 2.2% to $109,500, erasing half its recent gains from weekend lows.

Bitfinex analysts identify a potential floor in the $93,000 to $95,000 range for the current correction phase.

Historical bull market corrections average around 17% peak-to-trough, suggesting the market approaches typical drawdown limits.