Quick Facts:
Bitcoin traders are preparing for a new bottom, as liquidity runs thin above $105K. If support breaks, the recent low around $101K might be retested.
But analysts point out that the recent crash is a mature reaction to volatility rather than panic selling.
This keeps the bullish perspective intact, opening a short window for investors to buy the dip before it’s too late.
Last week’s colossal market shakeout likely marks the beginning of a clean-up phase for Bitcoin.
Multiple supports could be retested – including the yearly open of $93,500 – before $BTC holds ground at $117K and prepares for another breakout rally.
But the pullback is controlled deleveraging more than a market crash, according to Bitcoin analyst Axel Adler Jr. Trends across futures, spot volumes, and o