Bitcoin Drop Under $90K Because of ETF Money We Dey Comot; Oga Dem See Say Na Bottom E Be
Bitcoin drop comot $90,000 for di first time in seven months, e pressure by wetin dem dey sell after liquidation, ETF dem dey carry comot money and wahala wey dey about US Federal Reserve rate cut. Bitcoin don drop about 28% from dia peak wey over $126,000 for early November, with big people wey dey sell and wahala for geopolitics make market dey shak. Tom Lee for BitMine and Matt Hougan for Bitwise talk say di level wey Bitcoin dey now fit be di bottom for short time and one big chance for long-term people wey wan buy. Support wey dey round $90K now important well-well: if Bitcoin fit hold dat level, e fit settle and make market start to rise again. Lee still talk say Bitcoin go lead market comeback and reach new highest price by year end. Traders suppose dey watch for when market get tired and $90K support level to know wen dem fit enter market before market fit do bullish reversal.
Bullish
Despit di recent price drop weh bruk $90K mean say short-term market pressure dey down, di oga dem demwey sabi well well nagpapoint say market fit don reach bottom and na chance wey come once in generation to buy. For short term, traders fit see plenty wahala cos ETF dem dey comot money and big players dem dey sell, but di important $90K support level fit hold Bitcoin steady. For long term, people dey expect say market go rise again, Bitcoin dey lead am plus forecast say prices go reach new all-time highs before year end, dis one mean say market get hope. So traders wey dey watch for signs say market don tire near $90K fit use dis chance make money as trend fit change, e dey follow wetin happen before wen lots liquidation happen.