Bitcoin's price has dropped below $63,000, marking its lowest point since November 2024, following a 30% decline from its January 28 peak of $90,500. This downturn has led to increased skepticism among traders regarding Bitcoin's potential for a near-term recovery. Contributing factors include weak U.S. employment data and concerns over significant capital expenditures in the AI sector. Currently, options traders estimate only a 6% chance of Bitcoin reaching $90,000 by March.