📉 #Bitcoin Drops to $96K: A Bullish Reset?


Bitcoin $BTC fell from $108K to $96K in 48 hours, sparking panic selling. However, analysts say this is a healthy correction in the ongoing bull run:


*/ 🚀 Still Bullish: A 54% rally over 40 days makes this 10% dip a natural pause, supported by $79K (21 EMA) and $73K (200 EMA) key levels.

*/ 🏦 Fed’s Influence: Jerome Powell’s remarks created uncertainty, but gradual rate cuts and resilient economic data signal potential for future crypto gains.

*/ 💡 Altcoins Struggle: Many saw sharper drops, but savvy investors are accumulating during this dip.


What’s Next? Consolidation could lead to another surge, especially with potential easing by early 2025. The bull market isn’t over—patience is key!


#BTC Price Analysis# #Altcoins


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December 20, 2024 at 11:25 AM
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