To The Moon

Bitcoin( $CME Bitcoin - main 2412(BTCmain)$ ), the world's leading cryptocurrency[USD], has seen a dramatic rise since the U.S. election, but recent price action raises questions about its near-term direction. After hitting $93,800 on Tuesday, Bitcoin faces potential retracement. Should you buy the dip or exit before further corrections?

1️⃣ Bitcoin’s Recent Performance

Key Highlights:

• November 5 to Present: Price surged 45% following the U.S. election.

• Current Price: $93,800, down from recent all-time highs.

• Short-Term Prediction: Zann Kwan forecasts a potential dip to $90,000.

Bitcoin's price trend since the US election

2️⃣ Bullish vs Bearish Scenarios

Bullish Perspective:

Bitcoin price chart

• Bitcoin remains up 45% since November 5, reflecting strong market confidence.

• Institutional adoption and macroeconomic trends continue to support long-term growth.

• A retracement to $90,000 could be a buying opportunity, positioning for a rebound in 2024.

Bearish Perspective:

• Overbought conditions suggest potential corrections.

• Speculation-driven rallies risk losing momentum.

• A drop below $90,000 might signal a larger downtrend.

3️⃣ Bitcoin Analyst Targets

4️⃣ What’s Your Strategy?

• Buy the Dip: Accumulate at $90,000 for a rebound to new highs.

• Hold: Stay invested, confident in Bitcoin’s long-term trajectory.

• Sell Now: Lock in profits and wait for lower reentry points.

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📝 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.

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