Bitcoin experienced significant selling pressure after successfully breaking above the $100K mark, a psychological milestone that had investors buzzing with optimism. However, the celebration was short-lived as BTC failed to hold this critical level, dropping as low as $92,500 in less than three days. This sharp downturn has reignited concerns about the market’s stability and Bitcoin’s ability to sustain its upward momentum. Related Reading: Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge Axel Adler, a prominent CryptoQuant analyst, shared valuable insights into the recent market activity. He revealed that the largest deleveraging in the past week took place between January 6 and 7, when Bitcoin’s price fell from $102K to $100K due to liquidations. This wave of forced selling pushed prices lower, allowing bears to regain control and drive Bitcoin’s price down further to $92,500. The current market conditions have left investors questioning Bitcoin’s next move. Will it stabilize and find support to mount another rally, or will the bearish momentum lead to a deeper correction? With the market sentiment teetering betwee ..
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