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breaking news: Bitcoin’s rollercoaster ride, altcoins in freefall?! 🚀📉
btc teeters around $90k
classic narrative shift: Bitcoin’s resilience faces headwinds, while Altcoins weaken: potential downtrend looms. 📉🚀
Key points:
– Bitcoin faces downward pressure despite a rally attempt.
– Altcoins are approaching critical support levels, indicating bearish control. 📉
Buyers defend BTC above $90,000, but bearish sentiment persists. Outflows from BTC funds continue, suggesting negative sentiment. Analysts predict a smooth correction in a bear market, citing institutional adoption and macroeconomic trends as positive factors. 🐻
Morgan Creek Capital’s Yusko expects resilience in BTC, contrasting with short-term optimism from other analysts like Tom Lee and Tom Demar. BTC’s struggle near $100,000 signals potential resistance. 📈
Bitcoin’s early recovery, Altcoins falter: are new lows coming?
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