š Has Bitcoin Already Dip or Will It Drop Again?
Latest Price:
Current BTC price: around $101,700
Today it briefly dropped to around $98,200, then rose again to $102,000
This can be considered a "temporary dip" ā but it is not necessarily the final bottom.
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š§ Brief Analysis:
1. Is this already a "dip"?
The drop to $98,000 could be a healthy correction in the long-term trend.
However, there has not been strong confirmation that this is the final bottom as it is still volatile.
2. Could it drop again?
Yes. If BTC fails to hold above $100,000, it is likely to test the next support area at $92,000 ā $98,000.
Geopolitical pressure and global economic news (such as US inflation and interest rate policies) could influence further declines.
3. Expert Opinion:
Former Binance CEO, Changpeng Zhao (CZ), stated that āevery major drop often occurs before Bitcoin hits a new all-time high (ATH).ā
This means: for long-term investors, this drop could be seen as an accumulation opportunity.
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ā Conclusion:
Question Short Answer
Is BTC already a dip? Maybe, but not certain
Could it drop again? Yes, if it fails to hold at $100k
Is this a buying opportunity? Could be, for the long term
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