Bitcoin Poised for a Breakout

🟠Bitcoin saw a sharp drop from $108,000 to $103,500, triggering a correction across the broader crypto market. Despite a nearly 4% decline, analysts believe the market remains composed. Trader Skew pointed out the absence of panic selling, with no significant spike in volatility — a potential signal that a larger move may be approaching.

🟠Experts caution that if BTC fails to hold the $105,000 level, a fall to $104,000 or lower is possible. Michaël van de Poppe suggests that such a trend could trigger a wave of liquidations. While external factors like geopolitical tensions may increase pressure, most analysts see the dip as a typical correction ahead of the upcoming Federal Reserve meeting.