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Is This the Dip to Buy? Bitcoin’s Stress Signals and What’s Next
On Thursday, February 5th, Bitcoin (BTC -10.75%) dropped to $65,000, revisiting levels not seen in over 15 months. This move took the world’s leading cryptocurrency to a critical support zone as the broader market sell-off accelerated. The last time BTC reached this level was prior to Donald Trump’s victory in the U.S. presidential election. With the recent price action, Bitcoin has now erased all the gains made during his presidency. As BTC/USD trades near $65,000, its YTD loss now stands at approximately 25%, while it is down over 30% over the past year. More importantly, Bitcoin is now down 48.5% from its ... (full story)
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