🌟🌟🌟Bitcoin below USD 80k: Dead Cat or Trend Reset? The bearish case - Dead Cat Bounce: The primary trend for Bitcoin remains bearish after a 40% decline from its October 25 all time high.
Technical indicators show that Bitcoin must reclaim the USD 80k psychological level & then the USD 110k mark which is the 200 day moving average, in order to confirm a structural recovery.
The Bullish Case: Trend Reset : Some analysts maintain a long term target of USD 110k to USD 150k by later in 2026. They argue the current correction has cleared out excess leverage with over USD 2.5 billion in liquidations recently flushing out weak hands.
My Verdict : A Dead Cat Bounce
@Tiger_comments @TigerStars @TigerClub @Tiger_SG @CaptainTiger
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