Bitcoin’s Weekend Dip to $93K Sparks Volatility, ‘Extreme Fear’: What’s Next?
Bitcoin's value fell to $93,029 over the weekend, marking a decline attributed to macroeconomic uncertainties and a lack of substantial economic updates. This drop formed a technical signal known as a 'Death Cross,' indicating a potential shift from a bullish to a bearish market, igniting 'Extreme Fear' among investors. Presently, Bitcoin is trading around $95,453 with a slight decline from earlier values. Experts expect a period of volatile consolidation between $90,000 and $110,000, suggesting Bitcoin's recovery will largely depend on forthcoming macroeconomic data and institutional investment trends. Sentiment indicators show heightened bearishness as ETF demand softens and on-chain data reflects increased selling pressures. Analysts advise caution, noting that the dynamics of new investor profitability play a significant role in market stability. With the reopening of government operations easing liquidity pressure, the outlook slightly improves, but substantial shifts in strategy remain unlikely until clearer market signals emerge.
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