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Analyst: Bitcoin may first dip to $94,500 before entering a complex consolidation phase, with the eventual bottom around $84,000.
ChainCatcher News, Chinese crypto analyst Banmuxia stated in a post, " Regarding bitcoin, many people are still underestimating the complexity of the upcoming market trend. I believe that this minor bear market will most likely end around $84,000, but this does not mean it will smoothly decline all the way to $84,000. This time, it is highly likely to be a complex sideways adjustment.
At present, it may drop slightly to around $94,500, then will most likely enter an extremely complex consolidation phase, with a rebound possibly reaching above $116,000, and then gradually falling to the $84,000 level and the 6-8% range below that."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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