#TradingPairs101 The price of Bitcoin may drop to $96,700. At this level, according to CryptoQuant, lies the average acquisition level for short-term investors and a potential point for a rebound.
The bearish scenario is justified by the low value of the fear and greed index. The indicator has not yet reached a state of extreme optimism, indicating a lack of the typical FOMO buying phase characteristic of a bull market on the way to ATH.
According to analysts, the correction of Bitcoin may negatively affect altcoins, including Ethereum, due to the outflow of liquidity from other digital assets.
