Bitcoin price is on the path to recovery after traders display optimism during the $1.5B BTC accumulation, indicating growing confidence among investors despite recent market ups and downs.

Recently, Bitcoin has captured the attention of investors amidst fluctuations in the crypto market. Despite a slight drop to $65,000 from its peak of about $73,000, Bitcoin's stability at this level has sparked positivity among investors, supported by insights from well-known crypto analyst Ali Martinez.

The movement of 21,400 BTC worth around $1.40 billion into accumulation addresses is seen as a sign of traders regaining confidence in Bitcoin. This influx into long-term holding addresses reveals a bullish sentiment towards the cryptocurrency and suggests a potential recovery in the days ahead.

According to Martinez, Bitcoin's correlation with the Nasdaq 100 index points towards a possible price surge to $90,000 in the near term. His positive outlook has resonated with traders, boosting confidence in Bitcoin's strength to withstand short-term market fluctuations.

Despite recent market volatility causing uncertainty for some investors, analysts remain optimistic about Bitcoin's long-term trajectory. The recent correction is viewed as a typical market adjustment before the Bitcoin Halving event, a pattern often followed by price increases.

While the prospect of Bitcoin's recovery is promising, investors are cautioned not to rely solely on past patterns to predict future performance. Market dynamics can change quickly, emphasizing the need for a cautious approach to investment decisions.

As of now, Bitcoin is trading at $66,398.42 with a slight increase of 0.22%, while the trading volume has decreased by 32.41% to $30.36 billion. The price fluctuation between a high of $66,914.32 and a low of $65,103.75 within the last 24 hours indicates heightened volatility in the market.