Bitcoin's 2.05% drop is not just a minor dip; it’s a heavyweight move that left us all scratching our heads. Imagine this: giants like BlackRock offloaded $548 million dollars in BTC 💸 and Ark 21Shares did not fall behind, selling $64.4 million. This is no coincidence; it's an institutional profit-taking that is shaking the market and leaving more than one with their hearts in their mouths.

But here comes the juicy part, ChatGPT's analysis reveals to us that, although the big players are selling, the technical indicators show a different story. Bitcoin's Relative Strength Index (RSI) is brushing against the 'oversold' zone, which for those who know, is a signal that we could see a rebound soon. It's as if the sale by the big fish is creating an opportunity for the rest of the market to get ready to buy cheap. 🤔

Trading volume is at an all-time low, which means ordinary people are not panicking and selling, but rather the big fortunes are moving. Despite everything, Bitcoin remains a beast with a market capitalization of $2.27 trillion dollars. 🤑

So, what’s coming our way? Experts see three scenarios:

  1. Guaranteed rebound (45% probability): If Bitcoin stays above $113.6K, it could rebound to $118K or even $122K in the next 90 days.

  2. Consolidation (35% probability): We could continue to see Bitcoin in a range of $110K to $118K while the big players finish positioning their chips.

  3. Deep correction (20% probability): If it doesn't hold the line of $113.6K, the drop could be stronger, down to $110K or $103K, which, ironically, would be an excellent opportunity to accumulate.

In short, BlackRock's move is a litmus test for Bitcoin. Is it the beginning of a crash or just a strategic pause for a new takeoff? Defending that key support of $113.6K is crucial to know if the rebound is just around the corner. Stay tuned! 👀$BTC