Bitcoin hit a new high above $108,000 on Tuesday but fell back to $94,500 after Fed Chairman Jerome Powell warned that the central bank cannot buy BTC and that there may not be any more rate cuts until 2025. This has sparked debate in the crypto community about whether this is just a normal correction or a sign of the end of the bull market.

Some analysts believe that the $94,000 support level is important. If it is broken, the price could fall to $90,000 or even $80,000. However, others believe that this is just the last “bear trap” and there is no need to panic. 🐻📉