The price of Bitcoin (BTC) reached an all-time high of $93k last week, but has since dipped by 1.12% to $89k. This dip has caused the odds of BTC reaching $95k in November, according to Polymarket, to decrease to 63%. Despite the dip, market analysts are suggesting that it is a good time for long-term investors to "buy the dip" in both BTC and ETH, as they are nearing optimal levels for traders. However, if BTC fails to support the $89,275 level, it could lead to further declines with downside targets at $87,940 and $86,687. Polymarket also indicates that there is a 62% chance of BTC reaching $100k in 2024, an increase from the previous week's odds of 44%.



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