According to Bloomberg analyst * Walter Bloomberg released market news: Wolfe Research said that now is a good time to buy cryptocurrencies on the dip. At present, the cryptocurrency market is clearly divided between bulls and bears, which is forming a potential buying opportunity. The agency still expects that Bitcoin's phased bottom may be around $75,000, even after Bitcoin rebounds and re-stands at $90,000.
However, Wolfe also pointed out that bitcoin ETF inflows remain weak, and digital assets as a whole are still generally under pressure. From a technical standpoint, the crypto market has returned to a key long-term support area, which has been a turning point in the past many times. Momentum indicators are improving, and Bitcoin's rally is also seen as constructive. Wolfe believes that the next important test is near the 50-day moving average of the 101,000 dollar, and the 100,000 dollar is the main psychological barrier.
Wolfe Research: Crypto Market Seeks Low Buying Opportunity, Bitcoin's Next Key Resistance Is 100,000 USD
2025-12-04 12:38:13
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