Bitcoin’s Weekend Dip to $93K Sparks Volatility, ‘Extreme Fear’: What’s Next?

Bitcoin fell to $93,000 over the weekend, triggering a significant market downturn and a sentiment of 'Extreme Fear.' This drop formed a 'Death Cross', a bearish indicator where the 50-day moving average crosses below the 200-day moving average. Experts attribute the decline to macroeconomic uncertainties and a lack of key economic data, indicating a volatile consolidation phase ahead. Analysts expect Bitcoin to fluctuate between $90,000 and $110,000, heavily influenced by upcoming macroeconomic reports and ETF flows. The sentiment shift to 'Extreme Fear' reflects investor panic amid a sustained price decline, which has pushed Bitcoin down 10% from its recent high of $106,562. Commentators believe that while aggressive selling may be stabilizing, a trend reversal may take considerable time, and the market is now in a cautious wait-and-see mode. Observations also highlight dwindling ETF demand and increased sell-offs, with key focus areas being liquidity pressures and institutional capital flows that will dictate future price movements.

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