Bitcoin is currently in a short-term correction phase after a strong rally over the past week. The overall trend remains bullish in the medium to long term, supported by robust institutional inflows and growing adoption. However, the $90,000 support level should be closely monitored, as a break below it could lead to a deeper correction. On the upside, breaking $94,500 could pave the way for new highs.
• Bullish Scenario: If the price breaks $94,500, it could head toward $100,000, driven by strong institutional support and ETF inflows.
• Bearish Scenario: If the price fails to hold support at $90,000, it may drop to $84,000, a key previous support level.
• Most Likely Scenario: The price may continue to fluctuate between $90,000 and $94,500 in the short term, awaiting new catalysts (e.g., economic or political news) to determine the next trend.
Recommendation for TradersShort-Term Traders: Wait for a break above $94,500 to enter long positions, or a pullback to $90,000 for a buying opportunity at support.Long-Term Investors: The uptrend remains intact, but it’s wise to wait for clarity, especially given the current volatility.
