Bitcoin (BTC) is struggling to stay above $98,000 and faces potential drops due to concerns over inflation. Market sentiment is cautious, and BTC is currently trading at $95,506, reflecting losses. The Bitcoin Rainbow Chart provides insight into potential price movements, categorizing Bitcoin into different market sentiment zones. Currently, Bitcoin is in the 'HODL!' zone, indicating a neutral sentiment. The projection suggests that Bitcoin will stay in this zone as long as it trades between $90,270.24 and $118,853.07. A drop below $90,270.24 could be an attractive buying opportunity, while a decline below $30,085.74 could indicate a bearish trend. If Bitcoin surpasses $118,853.07, there may be increased speculation and a potential bubble. The Bitcoin Rainbow Chart suggests ongoing buying opportunities for long-term investors. AI-driven price predictions set an average price target of $104,000 for Bitcoin by February 2025, supporting the expectation of Bitcoin staying within its current range.



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