#MarketPullback #MarketPullback

Has the bull market ended?

The #crypto community has enjoyed a real honeymoon following Donald Trump's victory in the presidency of the United States, where he made many promises regarding the market, its regulation, support, and the potential to make Bitcoin a reserve asset in the US treasury.

However, after the recent speech by the Federal Reserve Chair and the denial of the possibility for the US reserve to hold Bitcoin, the price of Bitcoin reacted negatively. The decision not to significantly cut interest rates in the future also impacted the price of Bitcoin.

Another negative factor affecting the current movement of the crypto market is the large outflows from Bitcoin funds, indicating a clear change in investor behavior.

Currently, attention is focused on whether Bitcoin can maintain the $94,000 level or if it will visit the $85,000 level soon before bouncing back.

On the other hand, many analysts believe that the current correction is just a normal part of the bull market cycle, as analysts Captain "Fibric" and "Crypto_Rover" see the support level at $94,000 as a pivot point for a healthy reset that may prepare the market for further increases. #RideTheKaiaWave $ETH