Bitcoin Is Falling, But Don't Call It a Bear Market Yet: Analyst

💡 DMK Insight

Bitcoin’s drop below $95K signals heightened volatility, but calling it a bear market might be premature. Panic selling often leads to overreactions, especially when influenced by shifting Fed rate expectations. Traders should remember that Bitcoin has historically rebounded after sharp declines, and this could be another opportunity for savvy investors. Watch for support around $90K; if it holds, we might see a reversal. On the flip side, if it breaks down further, it could trigger more selling pressure across the crypto market, affecting altcoins and related assets like Ethereum. Keep an eye on the Fed’s next moves—any hints of rate hikes could amplify volatility in both crypto and traditional markets. For now, monitor the daily chart for signs of stabilization or further declines. A bounce back above $95K could signal a short-term buying opportunity, while sustained weakness below that level might suggest a deeper correction is underway.