Bitcoin recently experienced increased volatility with a 12% drawdown during a period of consolidation, signaling weakened market momentum. The price analysis highlights Bitcoin testing the $92,746 support level, hinting at a possible rebound to $100,000 or further decline toward $85,000.
This analysis of the drawdown phase showcases volatility amid consolidation phases, reflecting broader market uncertainties.
Presently, the market is torn between potential upward momentum and risks of further downside. The ongoing price dynamics emphasize the delicate balance the crypto market navigates during these volatile periods.
Fonte: www.thecoinrepublic.com ↗