Bitcoin’s Daily Support Revised Up to $945 – Dip-Buying Opportunities Ahead?
The daily support level for Bitcoin has been adjusted upward to $945, signaling a potential zone for dip-buying as market sentiment shifts toward stabilization. This change comes amid narratives suggesting fewer interest rate cuts and no Federal Reserve balance sheet expansion, which some believe are being used as excuses for institutional market manipulation.
Market Outlook
Despite these speculations, Bitcoin’s bull market remains intact. However, lofty predictions of $300,000 to $500,000 are likely unrealistic. Instead, more sustainable growth is expected, with price projections ranging between $160,000 and $200,000.
Altcoin Landscape
Altcoin sentiment remains mixed, with traders testing positions cautiously. Many are experiencing floating losses of around 10%, reflecting the volatility of smaller markets. This calls for patience and a strategic approach, as hasty moves could amplify losses.
Key Levels for Bitcoin
The daily median track sits at $995, a critical level to monitor.
If this support fails, the market could retrace further toward lower levels, potentially triggering a deeper correction.
Strategy for Traders
These price fluctuations are a natural part of market cycles. Traders should focus on long-term fundamentals, practice disciplined risk management, and adapt to market conditions to seize opportunities as stability returns.
