10 Factors Shaping Bitcoin’s Fate: 5 Reasons It Could Rebound — and 5 That Could Drag It Lower

As Bitcoin struggles to maintain its value below the $100,000 threshold, recent reports indicate a significant drop to around $98,000, marking a six-month low. This decline has sparked anxiety among investors, with some experts suggesting that a bear cycle may only be confirmed if prices fall below $94,000. The current market sentiment is mixed, with discussions surrounding the possibility of a rebound versus further declines. The interplay of these factors underscores the volatility of the cryptocurrency market, making it crucial for investors to stay informed.