Bitcoin crash to $104K was ‘flush,’ not crypto cycle ‘failure’

💡 DMK Insight

{ “insight”: “Bitcoin’s recent four-day crash, dropping nearly 10% from its peak, is more than just a blip—it’s a signal that the market’s momentum is stalling. \n\nLong-term holders are still offloading their BTC, which is keeping pressure on prices. If this trend continues, we might see Bitcoin testing the $25,000 support level again, a critical area that could trigger further selling if breached. Look back to June 2022 when a similar pattern led to a prolonged downturn. \n\nBut here’s the flip side: this reset could also create a buying opportunity for savvy traders. If we see a bounce off that $25,000 level, it could attract new buyers looking for a dip. Keep an eye on the RSI; if it dips below 30, that could indicate oversold conditions and a potential reversal. \n\nWatch for the next few days—if long-term holders start to stabilize their positions, we might see a shift in sentiment. Otherwise, the risk of cascading sell-offs remains high, especially with macroeconomic pressures looming. \n\nOverall, monitor the $25,000 level closely and watch for changes in holder behavior to gauge the next move in Bitcoin’s price action.”, “takeaway”: “Watch the $25,000 support level closely; a bounce could signal a buying opportunity, while a break may lead to further declines. Monitor RSI for oversold conditions. ”
}