🚀 Bitcoin's Volatile Dance: Is a Big Move Brewing? 📉💥

🚀 BTC Faces Volatility: What's Next for Bitcoin? 📉

Bitcoin (BTC) continues to captivate traders as it dips below $105,000 amidst concerns of a potential 'rug pull' at the $104,000 mark. As the Wall Street gates opened, the crypto giant saw its value drop to intraday lows of $104,401.

The once soaring digital currency is experiencing a rare string of 11 consecutive red hourly candles. This development has left bulls wary, as liquidity manipulations in order books threaten to snowball the situation further.

Trading insights from Material Indicators on X highlight the manipulative nature of large-volume traders aiming to influence price trends. Their advice is clear: brace for sudden moves if BTC slips under $105,000.

However, there is a silver lining. Material Indicators have also posited that if BTC price surges past $108,000, a path to $110,000 could open up.

💪 Bitcoin Bulls Show Resilience Amidst Geopolitical Fears 💣

Despite significant geopolitical pressures, some optimism still lingers in the air. Seasoned trader Skew points out that traders exhibit more restraint compared to previous market corrections. This signals a potential big move on the horizon, although the exact nature remains uncertain.

Even with a current 3% pullback, Skew believes true market volatility has not yet peaked. Past dips have often seen aggressive shorting and increased sell momentum, hinting that a more significant shift is 'brewing.'

💲 US Dollar Comeback: What It Means for BTC 📈

While Bitcoin navigates its volatile waters, the US dollar eyes a potential rise after hitting multi-year lows. Traders believe the USD is deeply oversold, anticipating a rebound that might inversely affect BTC.

Guilherme Tavares, a market strategist, suggests that previous similar bearish sentiments around the USD led to substantial rallies. With the dollar index nearing a support zone, a comeback can't be ruled out.

Amidst Israel-Iran tensions, market analysts remain calm, dismissing fears of a global conflict escalation, all eyes stay on the market dynamics.

Disclaimer: This piece does not provide investment advice. Remember, every trading move carries risks. Do your research before making financial decisions!