đš Bitcoin Pullback: Whatâs Happening and Whereâs the Opportunity? â ïž
Bitcoinâs recent drop has rattled the market, but smart investors see opportunities in the volatility. Hereâs whatâs driving the decline and how you can capitalize:
1. Bearish Technical Patterns
Bitcoin has formed a rising wedge pattern, a classic bearish indicator. Overbought signals from the RSI and Stochastic Oscillator suggest a correction toward $85,000 support. For buyers, this could be a strategic entry point.
2. Seasonal Profit-Taking Pressure
Historically, Bitcoinâs November rallies are followed by December profit-taking, which could amplify short-term dips. This creates potential buying zones for those preparing for the next surge.
3. Long-Term Bullish Outlook
Despite the correction, fundamentals remain strong. Institutional interest and regulatory clarity support long-term targets of $92,000 to $110,000, suggesting this dip may be a temporary pause before another rallyđ
