China News Today TheBitTimes.com

Bitcoin’s drop below $110K last week has ignited a surge in “buy the dip” chatter, but Santiment warns that may signal more downside ahead. “Don’t interpret ‘buy the dip’ chatter as a definitive bottom signal,” it said in a report. “ A true market floor often coincides with widespread fear and a lack of interest in buying.” BTC slumped to a low of $107,350 last week, according to TradingView data, while the Crypto Fear and Greed Index plunged to a “Fear” score of 39, signaling widespread anxiety. Daily chart for BTC/USDT (Source: TradingView ) BTC has since recovered slightly to trade at $108,583.22 as of 2:30 a.m. EST, but remains below the psychological $110K mark and more than 5% down over the last week. The Crypto Fear and Greed index has also bounced back, climbing 9 points in the last 24 hours to a “Neutral” score of 48. Investors Trying To Time The Market Now May Get Caught Off Guard With ...

Bitcoin to $107K prediction Analysis right now suggests the leading cryptocurrency is definitely on track for a major breakout. Recent technical indicators and also on-chain metrics point to an imminent surge beyond the $100K milestone in the coming weeks. The Bitcoin to $107K prediction is supported by three key market signals that analysts and investors are closely monitoring at the time of writing. Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance Breaking Down Bitcoin’s Path to $107K Source: Watcher Guru Signal #1: Critical Resistance Levels Breached Bitcoin has recently traded above key resistance levels at $93,100 and also $95,300, effectively breaking out of its five-day trading range. This Bitcoin breakout signal was accompanied by unusually high volume, suggesting strong buyer conviction in the market. The Bitcoin to $107K prediction gains additional credibility as these technical barriers continue to fall one after another, opening up the path to...