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Bitcoin’s price decreased by 5.13% within the last 24 hours, dropping below the pivotal $105,000 threshold and intensifying the market correction. This decline has shifted investor focus towards the crucial demand zone around $100,000. Analysts have noted that this region has historically triggered significant buying activity, potentially signaling the beginning of a recovery.
Deepening Correction in Bitcoin
With volatility surging once more in the crypto market, Bitcoin 
$103,176 has begun to show signs of technical weakness. The downward crossing in the MACD indicator suggests that the selling pressure may persist in the short term. Projections indicate a potential retreat of prices to the $99,000–$101,000 range, a strong support level historically associated with high liquidity accumulation. Market experts suggest that if buyers step in at this juncture, Bitcoin’s price could rebound to targets of $107,000 and subsequently $115,000.
The fact that long-term investors are maintaining their positions indicates that confidence in the market hasn’t completely dissipated. Should there be an accumulation phase above the $100,000 mark, it could lay the groundwork for a structural rise targeting $125,000. Thus, there is a growing consensus that the current pullback could represent Bitcoin’s final correction phase.
Gold Surpasses Record, Digital and Physical Value Race Intensifies
With gold’s spot price surpassing $4,300, it has become the world’s second-largest reserve asset, reshaping capital flows amid economic uncertainty. Investors leaning towards safe havens in the face of increased inflation and geopolitical risks have prompted the crypto sphere to interpret this surge as a temporary quest for balance. Gold’s parabolic rise has bolstered traditional investors, whereas Bitcoin’s recent downturn marks a relatively subdued performance.
Renowned economist Peter Schiff suggested that Bitcoin has lost its “digital gold” status after decreasing by 32% since August. However, Binance founder and former CEO Changpeng Zhao reminded everyone of Bitcoin’s unprecedented growth from $0.004 to over $100,000 in the last 16 years.
Historically, bullish trends in gold have led to brief consolidation periods in Bitcoin, followed by mutual movement in both assets. Experts predict that gold’s rise might place short-term pressure, but the reallocation of capital towards cryptocurrencies is anticipated once macro dynamics stabilize.
