Bitcoin (CRYPTO: BTC) experienced a decline below $71,000 on Monday, marking its first dip below this threshold in weeks. This drop has raised alarms among analysts, particularly Peter Schiff, who highlighted the disparity between Bitcoin's performance and the Nasdaq's record highs. Schiff cautioned that if Bitcoin is struggling now, its value could plummet further during a stock market correction. Analyst Benjamin Cowen also weighed in, predicting that Bitcoin might briefly bounce back to $70,000 before returning to lower levels, potentially hitting $62,000 by February 2026. The invalidation of the rising channel that supported Bitcoin earlier this year, combined with bearish indicators such as the MACD histogram at negative 1,363, suggests a challenging outlook for Bitcoin. With significant resistance levels above its current price, the cryptocurrency faces potential further declines if it cannot reclaim the $73,500 mark.