Citing Bijiie, Bitcoin's recent price action has sparked debate over whether it is forming a legitimate low or entering a bearish false breakout. The asset has fallen below the 0.50 Fibonacci retracement level at $99,600 and is currently trading below the $93,600 support zone. Rising volume and a breakdown of key moving averages, such as the 50-day MA, have intensified bearish signals. However, institutional confidence remains strong, with Q3 2025 spot ETF net inflows reaching $7.8 billion and continued accumulation by firms like MicroStrategy. On-chain metrics and macroeconomic factors, including Fed rate cuts and a favorable M2 money supply, suggest a more balanced correction rather than a full-blown bear market.
Bitcoin Faces Key Technical Support Amid Mixed Institutional and Macro Signals
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