The Bitcoin rise trend may end, analysts expect it may fall to $95,000.

On August 12, according to reports, the Bitcoin rise trend faces the risk of an early end, with market expectations for a target price below $100,000. Some traders warned in the latest market analysis released on Tuesday that Bitcoin is in a continuous "PI phase."

Some analyses suggest that Bitcoin could potentially fall to $95,000, a level not reached since early May. BTC has previously experienced the classic "Mark-Up" phase of rebounding from long-term lows, and is now in the "Distribution" phase, which is typically a reversal zone for an upward trend.

Since November of last year, the range of $92,000 to $95,000 has played an important role in the price movement of Bitcoin, serving both as a support level and as a resistance level, accompanied by significant market volatility.

Traders described this week's Bitcoin drop after breaking through $122,000 as "ugly." They stated that BTC has re-entered the previous consolidation range, with altcoins being the main beneficiaries.

BTC-1.01%
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MetaLord420vip
· 08-14 12:50
play people for suckers
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PriceOracleFairyvip
· 08-12 11:23
bruh these normies still thinking in linear price patterns... distribution phase is just whales playin 4d chess fr
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ZenMinervip
· 08-12 09:20
Laughing to death, isn't it fragrant to rebound to 95k?
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GateUser-afe07a92vip
· 08-12 09:20
BTC can still surge again
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ShitcoinConnoisseurvip
· 08-12 09:15
Here we go again, still the same old trap~
View OriginalReply0
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