Bitcoin (BTC) 📊
Headline: BTC Consolidation Near $89K – Healthy Pullback or More Downside? 🧐
Bitcoin is currently trading around $89,400, down about 6% this week. After peaking near $126k late last year, BTC is finding its new base. ⚖️
The Reality: We are seeing a "Mean Reversion." BTC needs to hold the $88,500 support to avoid a deeper slide toward $74k. 📉
Bullish Case: If it stays above $90k, the "Coiled Spring" effect could push us back to $100k+ soon. 🚀
News Source: Institutional accumulation continues despite short-term volatility (Source: Dow Jones). 📰
Are you buying the dip or waiting for $85k? Let me know! 👇