The Bitcoin market has fallen pretty significantly during the early hours on Monday, but it has bounced just as significantly from the 50 day EMA and I think this tells us everything we need to know, there are people out there looking to buy Bitcoin regardless. We did get a bit of a bloodbath in the technology sector after the DeepSeek news hit the wires. But really at this point in time, this looks like a perfect pullback to previous resistance, which is now support and then turn things around. All things being equal, this is a market that I do think will bounce enough to go looking at the $110,000 level, an area that previously had been a bit of a double top.
If we break down below the lows of the trading session on Monday, that could open up a move back down to $90,000, which quite frankly, I think would only attract more buyers. That being said, this is probably going to continue to be a choppy and volatile market.
