🔶 Current Status of Bitcoin (BTC) – Where is the Market Heading? 🔶
Bitcoin is currently trading around $100,700, after a significant correction in recent days, having dropped more than 4% to reach $99,200, before regaining some strength.
📉 Is this drop concerning?
In my opinion, no. It is a natural part of market movement after a strong rise in the past months, especially following the Halving event.
🔎 Key Highlights of the Current Phase:
Continuous institutional flows into Bitcoin ETFs (over $3.2 billion in the last quarter).
Strong support around the $100,000 – $102,000 levels.
Market anticipation of the US Federal Reserve's decisions regarding interest rates.
📈 Expected Scenario:
If resistance at $110,000 is broken, we may see a wave of rise leading us to levels of $130,000 – $135,000 in the coming months.
However, if the pressure continues, strong support at $98,000$ could serve as a rebound point.
🧠 My Advice:
Bitcoin is currently in a phase of "smart accumulation." For those who believe in the project long-term, this is an opportunity for calculated accumulation (DCA), with good risk management.
📢 Reminder: This is not financial advice, but rather a sharing of personal observations and analyses.
