As of now, testing back up to 90k level as well may happen as we are seeing bulls were finding no strength around 110k level even with multiple attempts. Regardless of world political situation, when bulls lose power, retracement is inevident.
We’re seeing a solid structure here — bulls printed three higher lows: $100K, $103K, and now $104K. That’s enough for me to re-enter with a small add. If the bounce holds, I doubt we’ll see a $95K retest soon. Especially with unconfirmed reports about Iran’s leadership possibly preparing for evacuation — that could change the narrative fast.
Yes, it is true that Bitcoin war can be quite low due to the Iranian war but we are currently staying at 106k. In this case, it is said that they do business, they have the opportunity to benefit. However, I am not worried because Bitcoin price is reduced. If your words come again at 95k, then all the bitcoin holders are better for the holder because they can re -buy, which will result in DCA. And hopefully not below 104k or 105k because the market will be stable and later the market will be upward .
Actually, it is impossible to predict when the market will go where, if we look at the current Bitcoin situation, it has recovered a bit at the moment and is currently at around 108K, I think Bitcoin will not fall below 100 easily, but it will start showing more positive movements, although there is no reason to panic about any movement for long-term holders, but if the price goes down, then you should have a more buying perspective. Bitcoin market conditions recover in a big way at any time, and it goes far ahead during a real bull market, so there is no alternative to long-term holding, if you want to achieve real success.