$BTC After Bitcoin's price touched the $100,000 threshold last Thursday in one of the largest daily declines of this month, it rebounded strongly on Friday, surpassing $105,000. Despite this recovery, the price remains below its levels at the beginning of the week at the time of writing, raising questions about whether these weaknesses are temporary or a precursor to wider declines.

But amid all these fluctuations, many bet that any price correction at this stage represents a golden buying opportunity, especially for those looking at the market from a medium to long-term investment perspective. To obtain advertising service for crypto projects.

From political escalation to economic surprises: what is driving Bitcoin now?

The sudden drop we witnessed last Thursday coincided with the escalating public dispute between Elon Musk and U.S. President Donald Trump, a dispute that had no direct link to the cryptocurrency market but quickly interacted with it. Analysts believe that the decline was driven by a general tension in investor sentiment, partial liquidations in ETF funds, alongside a wave of profit-taking after recording historical price peaks.

But the picture improved on Friday, driven by the U.S. jobs report for May (NFP), which showed stronger-than-expected data, at a time when the market was fearing weakness in the labor market. Recent statements from Donald Trump, in which he called for a full percentage point cut in interest rates, also supported the shift towards alternative assets as a hedge, with Bitcoin at the forefront.

Economic data is expected to continue to have a strong impact during the upcoming week, especially the anticipated inflation figures on Wednesday. If they come in below expectations, we might see new calls for monetary policy easing, which would benefit digital assets.

Technical outlook: Is the next correction an opportunity or the beginning of a collapse?

From a technical analysis perspective, Bitcoin has been moving within a downward channel since it recorded its all-time high on May 22. The decline on Thursday was a reaction to the price bouncing from the upper limit of the channel, while Friday's rebound came from the lower limit.

As the weekend begins, the price has returned to test the upper limit of the channel again, which warns of the possibility of a new short-term decline. However, as long as the $100,000 level is maintained as a psychological and technical support, every decline is considered a good entry opportunity for medium and long-term investors.

On the bullish side, breaking above the $106,000 level may signal an exit from the downward channel and push the price towards the $110,000 and $112,000 levels — which could return Bitcoin to a new upward trend.

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