The article discusses the recent correction in the price of Bitcoin, with a potential dip to the $90,000 mark. The increased market volatility and fear, uncertainty, and doubt (FUD) signal a potential correction. Technical indicators suggest a potential bounce, but derivatives indicate a dip to $90,000. The article also mentions the strong institutional support for Bitcoin, with BlackRock's Bitcoin ETF seeing an inflow of $359.6 million. Despite the correction, Bitcoin's open interest and trading volume have increased, reflecting growing bearish sentiment. From a bearish perspective, a close below the support trendline could lead to a retest of the $90,000 support level, but if the market stabilizes, a potential uptrend could target the 50% Fibonacci level at $106,912.



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