Bitcoin's price took a 2.5% tumble recently, catching traders off guard after an early week rally to $72,000. The cryptocurrency fell from a high of $71,980 on May 21 to an intra-day low of $67,550 on May 23. Analysts suggest that Bitcoin is following a similar pattern to 2016-2017 and predict a parabolic uptrend once it breaks the 2021 all-time highs, with a projected price of $100,000. The recent recovery above $65,000 broke all key resistance levels, indicating a bullish trend. However, the downturn liquidated $159.3 million in long positions on May 23, with $46.75 million in BTC leveraged positions liquidated in the last hour alone.