I personally thought it might well dip to about 97.5K before the next leg up.
It is possible, but this is just speculation. If we talk in the short term, the price will likely experience a slight correction, but this situation is a preparation for the next rally. Bitcoin growing adoption could see its price surge higher in the long term, especially as we've just hit ATH after Bitcoin ups and downs in the previous months. I am very optimistic that Bitcoin will reach a peak that we have never imagined before, so when the price of Bitcoin drops, that is the best time to jump into the market.I personally thought it might well dip to about 97.5K before the next leg up.
It is possible, but this is just speculation. If we talk in the short term, the price will likely experience a slight correction, but this situation is a preparation for the next rally. Bitcoin growing adoption could see its price surge higher in the long term, especially as we've just hit ATH after Bitcoin ups and downs in the previous months. I am very optimistic that Bitcoin will reach a peak that we have never imagined before, so when the price of Bitcoin drops, that is the best time to jump into the market.In the daily chart, $105kk is a resistance to the movement of Bitcoin prices that must be broken through again. If the price strengthens again to the $107k-$109k area, Bitcoin will continue to increase and renew its structure and become a safer sideways area than below the $100k price level. This is much more dangerous because it will support the double top pattern which is a fear of a deep decline.
Yes it is on the chart in a one-month time frame where it will be the biggest fear at the moment because it forms a double top pattern which usually this will trigger a market decline, you may need to look further, because this may be similar to 2021 which is the final year in the 4-year cycle of bitcoin, as well as in 2025, I would advise you that you should remain careful and wait more patiently for confirmation of the next bitcoin price movement, and hopefully the bitcoin structure that tries to form a double top can be thwarted by forming a price trend above $105k.