Half-Wood Summer: Bitcoin to Dip to $94.5K Before Entering a Complex Range-Bound Phase, Ultimately Bottoming Out Near $84K

BlockBeats News, November 5th, Chinese crypto analyst Banmuxia stated, "Regarding Bitcoin, many people still underestimate the complexity of the upcoming market. I think the high probability is to end this recent bear market around $84,000, but it does not mean that the price will smoothly drop to $84,000. This time is likely to be a complex sideways adjustment."

Currently, it seems that there may be a small decline to around $94,500, and then it is highly probable to enter an abnormally complex oscillating market. The rebound may even reach above $116,000, and then slowly drop to $84,000 and below in the 6-8% range."