🔹 Quick Analysis of Bitcoin Movement 🔹
The Bitcoin (BTC) currency has seen a strong rebound over the past two days, rising again above the $93,000 level, which has restored optimism among many investors about the approaching bottom.
📌 According to Wolfe Research's analysis, the market today is divided into two halves:
One half is convinced that the bear market has actually begun
And the other half believes that the bottom is behind us
This division between bears and bulls may mean — according to Wolfe — that a potential buying opportunity could be near.
Despite the price rapidly and strongly returning above $90,000, the firm maintains its view that the true bottom is still close to $75,000.
⚠️ Wolfe Research warns of the possibility of a new downward wave due to:
Weak financial flows in crypto ETF funds
And the overall decline in digital asset performance
As for the upcoming resistance:
The 101,000$ will be the most important test, as the 50-day moving average is at this level, while the 100,000$ level is considered a major psychological barrier for investors.
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🔍 Conclusion:
The market may be close to a suitable entry point… but caution is required 👀
📝 This post is not investment advice.
