Bitcoin's 5% Drop - Is It Just a Short-Term Dip?

Bitcoin's recent 5% drop has investors worried, but experts say it is just a short-term dip. On November 25, US markets closed higher due to optimism by Scott Bessent, the new nominee of Treasury Secretary, but Bitcoin recorded a decline of almost 5%.

CryptoQuant CEO Ki Young Ju says that Bitcoin's bull market is still intact, and such pullbacks are common during parabolic rallies. He said that Bitcoin has faced such corrections after fresh price records before.

As a matter of fact, CryptoQuant’s independent analyst MAC_D has set a short-term target of $100,000 per BTC and termed a correction of up to 10% as a “natural phenomenon”.

What now for Bitcoin? Popular analyst Ali Martinez has observed that Bitcoin has shown a bullish divergence against the RSI, which could help the top crypto’s price recover above the $95K-$96K range.

Overall, Bitcoin’s recent decline has put investors in worry, but experts say that this is just a short-term dip and the bull market is still intact.

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