šØ Bitcoin Dips Below $100,000: Is the Bull Market Over or Just Starting? š„
Bitcoin, the market leader with a staggering $1.9 trillion valuation, broke below the $100,000 support level, sparking heated debate among investors: Is this the end of the bull market, or just a healthy correction?
š” Key Highlights:
Price Action: Bitcoin slid to $93,744, filling inefficiencies at 50%, and reached $90,513 at 100% inefficiency.
Market Manipulation? Experts suggest market makers drove prices up to lure traders into long positions, creating liquidity at $98,000 before triggering a rapid sell-off.
Recovery Zone: Strong support at $93,788-$92,200 is expected to push Bitcoin back to $101,000 before the next move.
š Institutional Confidence Grows:
BlackRock, a global asset management giant, has shown unwavering confidence, accumulating 122.6K BTC (0.6% of total supply) during this dip. Their actions speak volumes about long-term faith in Bitcoin.
š§ Market Sentiment:
The Fear and Greed Index stands at 62 ā a sign of optimism even amidst this correction.
Investors see the dip as a golden buying opportunity, setting the stage for a potential strong recovery.
---
š” Whatās Next for Bitcoin?
Short-Term Target: $101,000 as support levels hold steady.
Long-Term Outlook: Bull market continuation if key resistance levels are broken.
š Trade Smart: This dip may be your chance to grab Bitcoin before the next explosive rally. Are you buying the dip or watching from the sidelines?