Bitcoin scrapes new lows as tech stocks drop: Data forecasts BTC dip below $100K

💡 DMK Insight

Bitcoin’s drop to $108,413 is raising eyebrows, especially after bullish forecasts were met. Traders are grappling with the potential spillover effects from the AI sector, which some believe is overvalued. This skepticism could be weighing on Bitcoin as investors reassess risk across the board. If the AI bubble bursts, we might see a flight to safety, further pressuring BTC. Keep an eye on the $105,000 support level; a break below could trigger more selling. But here’s the flip side: if Bitcoin can hold above this level, it might attract bargain hunters looking for a dip-buying opportunity. Watch for volume spikes around this price point, as they could signal a reversal or continuation of the downtrend. The next few days will be crucial for determining whether this is a temporary setback or a sign of deeper market issues.