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Bitcoin Could Face $95,000 Dip Before Potential $120,000 Rally

  • Crypto analyst Pentoshi predicts a possible drop in Bitcoin's price to the mid-$90,000s if it falls below the $101,000–$102,000 support range, indicating a critical point in the short-term trend.
  • Despite short-term caution, Pentoshi remains bullish on Bitcoin's long-term outlook, citing a favorable macro environment supporting crypto growth and sustained price appreciation due to demand exceeding newly mined BTC.
  • Patience is emphasized as crucial for investors by Pentoshi, who believes that even during market consolidation, staying grounded is essential. He anticipates a potential surge to $120,000 if support levels hold, following a predicted dip in June or July.
  • Pentoshi's analysis highlights the importance of investor patience and conviction during price fluctuations, indicating possible opportunities for resilient holders amidst the market volatility.

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