• Fell nearly 7% after failing to hold above the historical peak. • The critical support is currently at $102,430, and a monthly close above it is preferred for a positive historical close. • If it stabilizes, it may temporarily drop to $97,000 – $100,000 to gather liquidity. • In the worst-case scenarios: possible drop to $90,000 – $93,000, and breaking $82,000 is considered a potential beginning of a bear market. • The indicators are still positive, just a cautionary alert. #BTC Market Analysis
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Bitcoin ( $BTC ):
• Fell nearly 7% after failing to hold above the historical peak.
• The critical support is currently at $102,430, and a monthly close above it is preferred for a positive historical close.
• If it stabilizes, it may temporarily drop to $97,000 – $100,000 to gather liquidity.
• In the worst-case scenarios: possible drop to $90,000 – $93,000, and breaking $82,000 is considered a potential beginning of a bear market.
• The indicators are still positive, just a cautionary alert.
#BTC Market Analysis