Bitcoin wobbles at $92K as trader eyes end to ‘manipulative’ BTC price dip

Bitcoin experienced wavering price action, battling resistance around $94,000 after briefly hitting $95,500, as traders watched for a breakout move in the coming days or weeks. Analysts like Michaël van de Poppe suggested the recent sharp correction was "highly manipulative" and not organic, noting that higher lows indicate an uptrend is establishing itself. The key hurdle for bulls remains breaking the ~$94K horizontal resistance and clearing the 200-period moving averages on the four-hour chart. However, the market faces a significant macro headwind: gold is nearing new all-time highs. Some experts warn that strong precious metal performance is "extremely bearish for Bitcoin," suggesting crypto's bull run may need to wait until metals calm down.

(Source：Cointelegraph)