Bitcoin has slid more than 15% from its peak in mid-March, hitting a low of under $62,000 on Monday. A financial analyst known as ‘Stockmoney Lizards’ suggested that despite the halving being over, bitcoin's prices are still falling. They believe it's not the end of the bull market, but rather a correction phase that could push prices down to the $50K range before bouncing back.

In essence, corrections are needed after months of solid gains. Various factors like war, recession fears, inflation, and decreased ETF buying are influencing market sentiment. The analysts highlighted support levels at $60K, $56K, and $52K, with each becoming more probable if the preceding one is breached.

Looking ahead to May, typically a neutral month, there's potential for an upward trend within the correction range. However, bad news could drive prices further down towards the $50K mark. This week, the Federal Reserve's interest rate decision could impact the market, especially given the higher-than-expected inflation outlook.

Trader ‘CrypNuevo’ urged caution, opting not to enter the week with any open positions due to concerns about a weakening economy and rising inflation. On a brighter note, Glassnode analyst “Checkmatey” observed that smaller bitcoin holders, often dubbed "shrimps," are accumulating coins once more, indicating resilience among retail investors despite market fluctuations.

In summary, while short-term sentiment appears gloomy, there are signs of resilience within the market. Despite the potential for further decline, the outlook remains cautiously optimistic, with retail investors continuing to accumulate bitcoin amidst the turbulence.