What’s really weighing on Bitcoin? Samson Mow breaks it down

💡 DMK Insight

Bitcoin’s recent plunge has traders on edge, but here’s why it could be a setup for a rebound. Samson Mow’s insights into the ‘quantum fears’ surrounding Bitcoin highlight a growing concern that could influence market sentiment. As institutional players weigh the implications of quantum computing on crypto security, volatility is likely to remain high. Traders should keep an eye on the $25,000 support level; a break below could trigger further sell-offs, while a bounce could signal a recovery attempt. Mow’s mention of catalysts for recovery suggests that if Bitcoin can reclaim this level, it might attract buying interest from both retail and institutional investors looking for a bargain. But let’s not overlook the flip side—if fears around quantum threats escalate, we could see a flight to safety in traditional assets, putting additional pressure on Bitcoin. Watch for news on quantum advancements or regulatory responses, as these could shift the narrative quickly. For now, monitor Bitcoin’s price action closely around that $25,000 mark; it’s a pivotal point that could dictate the next move in this turbulent market.