💥💥Bitcoin May Drop Further: Analysts Said to Wait for These Prices to Buy! 💥💥

Analysts believe that despite a short-term recovery in Bitcoin (BTC) prices, the downtrend has not yet ended, advising investors to act cautiously.

Bitcoin, which faced strong selling pressure during the week, has fallen below the 106 thousand dollar level in the short term. Despite a brief upward movement in price, experts warn that this recovery may not be permanent. Renowned crypto analyst Skew stated in social media posts that despite the jump in Bitcoin prices, the market is likely to remain cautious throughout the weekend. Skew emphasized that BTC has a high correlation with traditional financial markets and that geopolitical developments could be decisive in price movements.

On the other hand, there are also analysts who express that deeper corrections are visible in long-term charts. Markus Thielen, founder of 10x Research, noted that Bitcoin's drop below 106 thousand dollars was a failed attempt at a rally. Thielen suggested that investors wait for clearer and more reliable support levels. According to him, the region between 100 thousand and 101 thousand dollars is a critical support point, and if this level is broken, the price of Bitcoin could enter a process similar to the long consolidation period experienced last summer.

John Glover, investment director of Bitcoin lending platform Ledn, stated that BTC is in a correction phase after reaching record levels. Glover mentioned that in the event of a potential decline, the price could fall to the range of 88 thousand to 93 thousand dollars, and these levels could represent an attractive entry point for investors. According to the analyst, after this correction, it is possible for the price of Bitcoin to recover and target levels around 130 thousand dollars.