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5% dip in Bitcoin: How retail psychology affects BTC’s moves

Bitcoin fell 5% to 95,000 USD, sparking discussions about potential market manipulation. Economic indicators, like robust PMI numbers and HIGH job openings, present a contrasting view to this dip, hinting at unusual market behavior rather than a natural correction. This suggests that external factors might be in play.

The market projects Bitcoin might reach a bottom between 89,000 USD and 91,000 USD. With HIGH-risk sentiments and ongoing liquidation of long positions, retail investors face barriers in reinvesting. This situation might lead to another dip before any potential recovery can occur, thus demanding patience from investors.

This is community-generated content, not advice from ONUS.
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