Bitcoin’s Latest Dip? Just Another Bump on the Road to $100K
Bitcoin slumps—again. Yet the chorus calling for a six-figure price target refuses to quiet down. Why? Because this isn't 2018.
The Anatomy of a Healthy Correction
Markets breathe. After a parabolic run, a 20-30% pullback isn't a crisis; it's a reset. It shakes out weak hands, consolidates gains, and builds a stronger foundation for the next leg up. Every major bull cycle has seen these sharp, scary corrections—only to look like mere blips on the long-term chart.
The Macro Tide Hasn't Turned
Institutional adoption isn't a on/off switch. The pipes are being laid—ETF flows, corporate treasuries, sovereign wealth fund whispers. A short-term price drop doesn't dismantle that infrastructure. If anything, it gives big money a better entry point. (Wall Street loves a discount, just after they've finished telling retail to panic-sell.)
Halving Math Still Applies
The core thesis remains untouched. Scarcity is programmed. The supply shock from the last halving is still working its way through the system. History doesn't repeat, but it often rhymes—and the post-halving year pattern still points to significant upside pressure.
So, About That $100K...
It was never going to be a straight line. Volatility is the price of admission for asymmetric returns. The current pullback looks less like a broken narrative and more like a necessary pit stop. The target hasn't moved; the timeline just got a reality check. After all, in crypto, the most painful dips often precede the most spectacular rallies. Just ask anyone who sold in 2020.
Bitcoin steadied this week after a brief pullback, with analysts saying the broader price structure still points to higher levels if key support zones continue to hold.
The world’s largest cryptocurrency has been moving higher since its late-November lows, and recent price action suggests buyers remain active during dips.
Short-Term Pullback Seen as Normal Correction
After rising strongly from its November 21 swing low, Bitcoin entered a short-term consolidation phase, followed by a modest pullback. The price briefly dipped into an important support band before stabilizing, suggesting buyers stepped in quickly.
“This was not an aggressive sell-off,” one analyst said, adding that the MOVE looked more like a routine correction within an ongoing uptrend.
Support Zone Holds Between $90,850 and $92,900
Bitcoin’s pullback found support between $90,850 and $92,900, an area which has been important in the past week.
Prices briefly touched the lower end of this range before rebounding, reinforcing the view that bulls are still defending the trend. Analysts said holding above this zone is critical for maintaining the short-term bullish outlook.
So far, price action within this range has followed expectations, with no signs of panic selling.
Resistance at $94,780 Could Signal Next Move Higher
On the upside, experts are watching $94,780, the week’s recent high. A clear break above this level could confirm the next upward leg in Bitcoin’s rally.
If that happens, analysts see potential upside targets NEAR $97,000, which marks a retracement level, and $98,400, a technical extension zone.
Downside Risk Remains if Support Breaks
Despite the positive outlook, analysts warned that a decisive move below $90,850 WOULD weaken the bullish case.
A breakdown below that level could shift focus toward deeper consolidation or even a retest of December lows. Such a move would suggest the current recovery phase has stalled.
