ChainCatcher message, Fairlead Strategists founder Katie Stockton has a cautious outlook on Bitcoin's short-term trends. She pointed out that Bitcoin could drop to $84,500 in the coming weeks, representing a decline of about 10%📉. If the downward trend continues, the next support level could be at $73,800, indicating a 22% drop potential.

Recently, Bitcoin fell below the 50-day moving average, confirming mid-term overbought and sell signals📊, which could support a price correction in the first quarter of 2025. Despite the bearish outlook in the short term, Stockton remains optimistic about Bitcoin's long-term prospects. She believes that the correction will provide an opportunity to increase Bitcoin investments📈, as the monthly stochastic indicators and MACD continue to support its long-term rise.