Bitcoin has fallen below the $100,000 threshold, reflecting short-term weakness in the market. Despite this drop, some analysts maintain a bullish long-term outlook, citing resilient fundamentals and renewed institutional interest.
Technical indicators show caution: after breaching key support near $107,000, Bitcoin may face further pressure, with possible targets in the $90,000 to $95,000 range before a rebound. At the same time, many strategists argue the market may be oversold, presenting a potential setup for relief.
While short-term momentum remains fragile amid macro uncertainty and ETF outflows, proponents of Bitcoin still point to its scarcity, growing adoption and infrastructure development as drivers that could support a sustained uptrend.
