Bitcoin Pulls Back After Tapping $94K—Healthy Dip or Trend Shift?
After rallying to a 7-week high above $94,000, Bitcoin is experiencing a pullback, now trading around $92,600. This comes shortly after bullish momentum driven by easing trade tensions and institutional accumulation.
Analysts aren’t sounding alarms just yet. Most view this as a healthy correction—a breather after a strong run. BTC remains above the short-term holder realized price, a key bullish metric. However, over-leveraged long positions and rising funding rates could trigger more volatility in the short term.
Key support lies near $91,000, and if that breaks, we could see a dip toward $88K–$89K. But hold above? BTC could still make a run for that $96K resistance—and eventually the big $100K.