There's speculation circulating that although Bitcoin is currently dropping to $63,000, it's poised for a significant rebound soon, attributed to increased regulatory measures.

The recent announcement by Robinhood receiving a Wells Notice from the SEC caused BTC to drop by 1.5%. Other cryptocurrencies like ETH, DOGE, SHIB, and MATIC declined by 2-3%, while SOL and XRP rose by 4-6%.

Despite fluctuations, there's a demand for Bitcoin call options at $75K and $100K, indicating an upward trend as predicted by QCP Capital. There's anticipation of increased connectivity with recently registered Hong Kong spot Bitcoin and Ether ETFs for Chinese investors, potentially impacting prices positively.

According to John Glover, Chief Investment Officer of Ledn, while Bitcoin may experience further price drops, an eventual rise to $92K is anticipated, following a pattern of five phases with wave 4 being the crucial point of observation.