Bitcoin Correction: Targeting $98,000
After failing twice to break through the upper boundary of its channel, Bitcoin has entered a corrective phase. It broke below the lower boundary of the channel, retested it as resistance, and is now gradually moving downward toward the $98,000 level.
This downward move appears to be part of a healthy market cycle, potentially resetting overbought conditions and creating new opportunities for buyers. Traders should watch for potential support zones and remain cautious of further volatility.
This downward move appears to be part of a healthy market cycle, potentially resetting overbought conditions and creating new opportunities for buyers. Traders should watch for potential support zones and remain cautious of further volatility.
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