Bitcoin Faces Dip As Analysts Weigh Potential

Amid declining stock prices and rising treasury yields, Bitcoin has experienced a period of relative stability, although trending downwards. Ethereum has fallen to $3,200, while altcoin investors are experiencing losses exceeding 6%.

Analyst known as ‘Columbus’ predicts Bitcoin will encounter liquidity pools around $97,000, potentially leading to volatility. Bitcoin has already dipped to $98,147 as of writing, influenced by a recent executive order from Trump and comments from Federal Reserve members suggesting interest rate cuts may not occur in December.

AI-related stocks are also experiencing a decline. Analyst ‘Nachi’ observed that after briefly surpassing $100,000, the market’s failure to sustain its momentum stemmed from a decrease in the likelihood of December interest rate cuts and the potential for government shutdowns, causing a delay of expectations.

“After breaking the pivot zone, there is still enough room for downward movement,” Nachi added. “The cryptocurrency has already taken a significant hit, so it’s a bit late to re-enter short positions.”

DaanCrypto, sharing a related graph, has consistently expressed caution, previously stating he would not be confident in a bounce without a return to $107,000. His expectations seem to be materializing.

“An interesting area to watch. I expect to see some profit realization from short positions in this zone. However, spot sales continue unabated. We’re seeing consecutive 14 fifteen-minute red candles,” he noted.

Confirmation of a turnaround remains difficult without a return to $107,000 or at least regaining the $102,800 trend support.

Despite long-term investor selling and a lack of support from ETF investors, Kyle reports that whales are resuming purchases and finding value in the decline. “Derivatives leverage has been wiped out, but whales are quietly buying the dip. Open positions have fallen from $64 billion to $42 billion, a 34% decrease. This week, whales added 45,000 BTC, valued at approximately $4.6 billion, marking the second largest accumulation since 2025. Smart money is doing what it always does: buying fear.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.