$BTC
The sharp decline in the price of Bitcoin today may raise questions about whether this is just a temporary correction or the beginning of a broader downtrend. The expectation of a price rise after the drop depends on several factors, including:
1. Technical Analysis (short-term)
If the price rebounds from strong support (for example, the 78,000 or 76,000 area), we may see a bounce upwards.
Indicators like RSI if in an oversold area (below 30), this supports the possibility of a rebound.
MACD if showing signs of a bullish crossover, this is also a positive signal.
2. Fundamental Analysis (medium and long-term)
There is concern in the market about bond volatility and its impact on risk assets like crypto.
However, on the other hand, there is expected momentum from the upcoming Halving event (expected in April), which often supports the upward trend after a short period of volatility.
3. Market Psychology
Many investors view any sharp decline as a buying opportunity, especially before major events like the Halving.
But if a break occurs below important support levels without a rebound, selling may increase due to fear.
What are your expectations!!
