$BTC correction: targets 101k, 97.5k, 94k, 87kThe hype is peaking — institutions, banks, Wall Street, and even governments are buying Bitcoin.
Yet despite the frenzy, BTC has been rejected three times around the $110K level and appears to be heading into another correction.
Bitcoin maximalists are pushing a strong FOMO narrative to attract retail investors, but several factors are pushing back:
- Psychological barrier: At these price levels, retail investors are hesitant. Owning just a "fraction" of a Bitcoin doesn’t appeal to the average person.
- Geopolitical tension: The conflict with Iran is serious. This isn’t a small, isolated country — Iran is a millennia-old civilization with global alliances. This situation won't resolve quickly or easily like Libya, Syria, or Iraq.
- Oil price surge: Escalating tensions could disrupt the Strait of Hormuz, a critical route for global oil. Western sanctions on Russia already strain supply — if Iran joins, where will Europe get its energy? U.S. supply won’t be enough. Expect a spike in inflation.
- Recession risks: Persistent inflation could drive a recession in the second half of the year.
- Trade wars & tariffs: No resolution, just chaos.
- Ukraine-Russia war: Still unresolved. Still draining global stability.
In short, the world is burning — and this is terrible for markets.
Bitcoin maximalists — some even selling company shares to buy more BTC — may soon face the harsh reality: Bitcoin needs a deeper flush before it can rally again. Retail won’t return until altseason clears the way and resets sentiment.
In a cycle dominated by propaganda, institutional manipulation, and global unrest, predictions are fragile. The only guide left: the chart.
Technically, we’re in correction mode again. Comparing with past cycles, potential pullback targets are:
$101K, $97.5K, $94K, $87K
There’s massive support at $74K, but it's unlikely we revisit it soon.
Stay cautious. DYOR.
#Bitcoin #CryptoMarket #BTCUpdate #Geopolitics #Altseason #CryptoCorrection #MacroView #CryptoFOMO #RiskAssets #DYOR
