Wolfe Research has highlighted a potential buy-the-dip opportunity in the cryptocurrency market, citing a divergence between bullish and bearish trends. The firm anticipates Bitcoin's short-term support to stabilize around $75,000, despite a recent rebound above $90,000.
According to Wolfe, the market has returned to a significant long-term support zone, with momentum indicators showing improvement. The next major resistance for Bitcoin is expected near the $101,000 50-day moving average, with the $100,000 mark serving as a critical psychological barrier.
Wolfe Research Identifies Buy-the-Dip Opportunity in Crypto Market
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