- Bitcoin dip to $103K could set the stage for an 18–25% rally, with analysts targeting $130K in the coming weeks.
- Strong sentiment and investor confidence support this outlook.
Bitcoin (BTC) may be experiencing a temporary setback, but analysts suggest this dip could be the start of a powerful upward trend. After falling to $103,553, the cryptocurrency is holding a strong position above the $100K support zone—an area that has historically triggered bullish rebounds.
Bitcoin Holds a Strong Foundation Despite the Drop
In the past few days, Bitcoin retreated from a local high of $108,620 to as low as $103,553 amid concerns over the Federal Reserve’s upcoming rate decision. However, this kind of pullback is not unusual for BTC. Similar patterns in previous market cycles have led to price rebounds between 18% and 25%. If this pattern repeats, Bitcoin could soar to nearly $130,000 in the coming weeks.
Investors appear unfazed by the current dip. Daily trade volume has slightly declined by 6% but still stands at an impressive $51.7 billion. This sustained activity points to continued investor confidence and a strong support base for Bitcoin even in a bearish environment.
Market Sentiment Signals Bullish Reversal
Community sentiment remains highly optimistic. A significant 82% of market participants believe a rebound is imminent. This positive outlook could encourage institutional investors and whales to accumulate BTC at current levels, while retail holders may resist selling pressure and hold for higher prices.
Already, BTC has climbed back to around $104K, hinting at an early recovery. And with this week’s low being the lowest Bitcoin has reached in several weeks, many see it as a strong launchpad for a potential breakout.
Bitcoin’s recent dip may not be a cause for concern but rather a setup for its next bullish move. With historical trends, strong community sentiment, and resilient trade volume aligning, the conditions are ripe for BTC to rally up to 25%—possibly pushing it toward the $130,000 mark.
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