Bitcoin’s Wild $16K Swing! Crash, Pump... What’s Next?

The Bitcoin price has experienced significant volatility, dipping to $78K before surging to $94K and now hovering around $85K. The decline was fueled by $3.5 billion in ETF outflows, while speculation about a potential U.S. Bitcoin Reserve provided a temporary boost.

If Bitcoin maintains support above $85K, it could climb toward the $92K-$94K range; however, a drop below this level might trigger a retest of $75K. Market sentiment remains divided, with institutional investors continuing to accumulate despite recent sell-offs. Even Bitcoin Cash has followed this volatile trend, highlighting broader market uncertainty.

Where will Bitcoin go next? 🚀

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