Bitcoin's rollercoaster week took a twist as it shed 3% of its value, dipping below the weekly close after hitting record highs near $93,500. The drop followed MicroStrategy's announcement of a massive $4.6 billion BTC purchase, which some traders believe triggered a short-term sell-off. Despite the volatility, analysts like Josh Rager see Bitcoin's current range as healthy, suggesting the market is ripe for altcoin exploration. Meanwhile, traders are eyeing potential "buy the dip" opportunities, with some targets extending toward $70,000. As shorts increase, the market watches to see if support holds.
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