Bitcoin rose by 10% on Friday, surpassing $70,000, after a sharp drop below $61,000. Analysts warn of the risks of decline.

Bitcoin had a strong rebound on Friday, temporarily reaching $70,187, after avoiding a drop below $60,000. This 10% increase came after a 15% plunge recorded on Thursday, when the price fell below $61,000. Investors took advantage of the recent correction, considering that Bitcoin has dropped over 50% from its all-time high of $126,000 in October.

The rise in Bitcoin coincides with a recovery in the stock markets, where shares in the technology sector, such as Nvidia and Microsoft, have recorded significant gains. However, analysts at 10X Research warn that a new decline could be imminent, estimating a possible drop of Bitcoin to $50,000 in the near future.