BTC to likely kiss the $74K - $69KBitcoin Market Analysis and Forecast
Bitcoin has retraced over 50% from its all-time high (ATH). Despite a rebound from the Fibonacci 50% level to its current price of $84,600, continued selling pressure could push BTC lower toward the Fibonacci 61.8% retracement zone, which lies between $74,000 and $69,000.
This potential pullback presents strategic entry points for long-term investors who have the patience to hold through market cycles.
Given the current market conditions, I will continue to accumulate using a Dollar-Cost Averaging (DCA) strategy to mitigate volatility and optimize long-term gains.
I will be monitoring the price action closely and providing further updates as the market develops.