đš Bitcoin Traders Fear $102K Drop Next as Gold Hits All-Time Highs.
1ïžâŁ Bitcoinâs price fell near $111,000 today after failing to break above $114,000 resistance on Binance.
2ïžâŁ Traders warn that BTC could retest $102,000, the key level from last week, if bulls fail to hold the current support zone.
3ïžâŁ Analyst Roman said this looks like a âfailed reversal setup,â while others believe consolidation could fill the wick down to $102K.
4ïžâŁ Ted Pillows added that Bitcoin remains bullish long-term as long as $102,000 support holds â but a monthly close below it could be dangerous.
5ïžâŁ Meanwhile, Gold hit a new record high above $4,200/oz, helped by Fed rate-cut expectations after Jerome Powellâs latest speech.
6ïžâŁ Despite short-term weakness, ETF inflows remain strong, with $102.7M into BTC ETFs and $236.2M into ETH ETFs yesterday â hinting at ongoing institutional demand.
âĄSummary:
Bitcoin looks shaky short-term but still solid in the long run â $102K is the key support to watch while gold shines on Fed optimism.
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