Bitcoin might be about to take a bit of a dive, but don’t panic! Experts believe this is a strategic move before a major price jump.
The Final Dip?
Crypto analyst Tehi Thomas predicts Bitcoin (BTC) will drop below $107,000 before skyrocketing to new highs. This isn’t a market crash, but a controlled correction. Thomas points to a chart showing Bitcoin creating lower highs, indicating short-term bearish pressure. This, he says, is a setup.
The Liquidity Grab
This downward trend is creating a “liquidity grab.” Essentially, smart money is strategically lowering the price to buy Bitcoin at a discount. Thomas expects Bitcoin to fall to the $106,500-$106,200 range, filling a “Fair Value Gap” (FVG) and aligning with key Fibonacci levels. He sees this $106,200 area as a prime buying opportunity for institutions.
The Big Picture: Still Bullish!
Despite the predicted drop, Thomas maintains a bullish outlook for Bitcoin. He views this correction as a necessary step before a significant price surge to a new all-time high (ATH) around $110,500. This area has a lot of untapped buying potential. Once the selling pressure is gone, Bitcoin should resume its upward trajectory. The $106,200 FVG acts as both a buying opportunity and a launchpad for the next leg up.
Current Status and Potential Gains
Currently, Bitcoin is trading slightly above $108,000. If Thomas’s prediction is correct, the potential gain to the projected ATH of $110,500 is relatively small, around 1.61%. But the real story is the long-term bullish potential.
