Bitcoin recently plunged to $91,000, marking a 6.4% decline, and sparking panic selling among investors. This decline is viewed as part of a rounding top pattern.
Despite the selling spree, long-term holders (LTHs), monitored by the Coin Days Destroyed (CDD) metric, have remained inactive, signaling confidence in Bitcoin's swift recovery.
There's potential for a price bounce, with support at $93,625. A rebound could drive Bitcoin past $100,000, although further decline might see prices dip to $92,005 before recovering.
Fuente: beincrypto.com ↗