#MarketPullback

Technically, Bitcoin has broken through a key support level at $98,750, opening up the potential for further declines towards $95,000 and $92,800. If the $92,800 level fails to hold, the price could drop to $88,000 or even $83,000. However, if Bitcoin is able to hold in the $92,800 to $95,500 range, there is a chance for a rebound. To reverse the downtrend, Bitcoin needs to return above $98,750 and break through $100,000.

Despite the decline, some analysts remain optimistic about Bitcoin's long-term prospects, with price targets ranging from $125,000 to $1.2 million based on historical analysis.

It is important to note that such declines are common in bull markets and can be considered healthy corrections before resuming the uptrend. Investors are advised to monitor key support and resistance levels as well as monetary policy developments that could affect the crypto market.

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