The Bitcoin price is currently trading below $ 34,000. An analyst from Funstrat Global highlighted the bitcoin current price movement. Analyst David Grider considers bitcoin price drop as a temporary and healthy correction before price resumes to main market trends. Expert in the field had already predicted an incoming wave of correction when the bitcoin price went to $40,000. On 11th January, bitcoin drop by 20 percent, and the reasons behind this could be negative news in the weeks.