$BTC #BTC is falling down — what do you think? 🤔
Bitcoin has recently experienced a correction, dropping from local highs near $111,300 to below $107,000 amid global market sell-offs triggered by geopolitical tensions and tariff announcements3. Despite this short-term dip, Bitcoin remains supported by strong institutional interest, with significant ETF inflows reported recently3. Technical analysis shows Bitcoin trading in a compression zone between key support around $106,700-$107,000 and resistance near $108,300, indicating potential consolidation before the next move3.
How deep can Bitcoin go? Some experts warn of a possible drop to $10,000 based on historical volatility and mean reversion theory, though this is considered a more extreme scenario8. More commonly, analysts predict Bitcoin will stay above key support levels around $74,000 to $80,000, with bullish momentum expected to push prices back toward $110,000 and beyond later in 202559.
In summary, while Bitcoin is facing short-term pressure, the overall outlook remains cautiously optimistic with strong support zones and potential for recovery to new highs this year259. What’s your take on BTC’s next move?