Bitcoin hits ‘fire-sale’ value as capital flows capitulate: Bitwise

💡 DMK Insight

Bitcoin’s recent dip below $75,000 is more than just a blip—it’s a potential buying opportunity. With capital outflows increasing, traders should note that historical patterns suggest a possible 10% rebound rally could be on the horizon. This isn’t just about price; it’s about market sentiment shifting. If BTC can reclaim that $75,000 level, it might trigger a wave of buying interest, especially from retail investors looking for a bargain. Keep an eye on the $78,000 resistance level; a breakout there could signal further upside. But here’s the flip side: if BTC fails to hold above $75,000, we could see further selling pressure, which might push it down to lower support levels. Watch for volume spikes as they can indicate whether the rebound is genuine or just a temporary bounce. The next few days will be crucial for determining the short-term direction of Bitcoin.