Mixed Signals: While there has been a recent pullback and dips below key psychological levels (like $100,000 in the past few days, quickly defended), many analysts view the downturn as a temporary correction rather than a reversal of the long-term trend.
Fear Index: The Crypto Fear & Greed Index has recently been in "Extreme Fear" territory, which, paradoxically, some analysts see as a sign that a major recovery or buying opportunity may be approaching.
📊 Technical Analysis Highlights
Support Levels: Key support levels, such as the $99,000 area (near the 55-week exponential moving average), have been defended by buyers during recent dips.
Short-Term Momentum: Technical indicators show mixed or slightly bearish short-term momentum, but some key moving averages (like the 50-day) are still signaling a "Buy" outlook.
Long-Term Potential: Some long-term technical forecasts and analysts remain optimistic, pointing to potential targets like $130,000 to $150,000 by early to mid-2026.
⚖️ Factors for Potential Further Dip (Bearish)
Technical Breakdown: A sustained break below the key support levels (like the $99,000 or $91,946 technical low-RSI levels mentioned in the search results) could lead to a deeper correction.
Profit-Taking: Large holders or institutional investors may continue to take profits after a significant rally, creating selling pressure.
Macroeconomic Events: Unexpected negative news regarding global economies, regulations, or interest rate decisions could cause widespread risk aversion and trigger more dips.
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