$BTC 🪙🪙

Bitcoin recently dipped below the $100,000 mark, breaking important support zones.

Investopedia

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Analysts at JPMorgan Chase & Co. see potential for Bitcoin to hit around $170,000 within the next 6–12 months, based on volatility-adjusted comparisons to gold.

The Block

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On the flip side, some technical models suggest a shallower next drawdown (i.e., less severe than past bear markets) because of Bitcoin’s “maturing” market structure.

Bitcoin Magazine

📉 Technical & Sentiment Highlights

Support / Resistance

The $100,000 region appears to be a critical support zone right now. If that breaks, next supports lie in the ~$95,000 range.

CryptoPotato

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On the upside: a move back above ~$110,000–114,000 would signal stronger recovery potential.

CoinDCX

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Sentiment & Indicators

Market sentiment is cautious: November historically has strong months for Bitcoin, but the median return is modest (~8.8 %).

CoinDesk

On-chain and supply-flow data hint at waning institutional buying relative to new supply, which may signal structural strain.

99Bitcoins

Technical indicators (e.g., MACD, RSI) are showing mixed/bearish signals, suggesting caution in the short term.

Meyka

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🔮 Outlook: What’s Next?

Bullish scenario:

If Bitcoin holds above ~$100k and reclaims ~$110k–114k, the path to ~$120k or higher becomes more plausible. Institutional flows + positive sentiment could fuel this.

Bearish scenario:

If Bitcoin drops decisively under ~$100k, especially if macro/risk-off conditions worsen, it could test lower levels (~$90k or below) before a meaningful rebound.

✏️ Summary

Bitcoin is at a crossroads: a key support zone is now under pressure, and while long-term upside remains strong (per some institutional views), near-term risks are elevated. If you’re watching it, keep an eye on how it behaves around the ~$100k threshold and whether it can reclaim higher levels to reinstate confidence.#bitcoin #BitcoinSPACDeal #BinanceHODLerMorpho #BTCHashratePeak #BTCHashratePeak