📉 Bitcoin Below $94,000: Market Correction or Reversal Signal?
In the last few hours, $BTC has recorded a decline, falling below the psychological threshold of $94,000. The market is wondering: is this a simple correction or a deeper bearish signal?
Analysts are carefully watching some key indicators:
📊 The 50-day moving average is about to cross the 200-day moving average: a sign of strength or weakness?
🔍 Open interest on futures suggests an increase in leverage, potentially amplifying volatility.
📉 The whales are moving: some large wallets have started liquidating positions, a sign of profit taking?
💡 What to expect?
If the support at $93,500 holds, we could see a rapid recovery. Otherwise, the key levels to watch are $91,000 and $89,500.
🔥 Are you bullish or bearish on Bitcoin? Write your prediction in the comments!