📉 Bitcoin Pulls Back, But $100K Remains in Sight
Bitcoin ($BTC ) fell from around $87,000 to an intraday low near $83,654 after stronger-than-expected economic data increased concerns about another interest-rate hike. The shift in rate expectations pressured risk assets across the board, with Ethereum also retreating toward $2,600.
⚡ Markets are now pricing in roughly a 70% probability of a 25-basis-point rate hike next month, creating short-term uncertainty for crypto and other risk-sensitive investments.
🧠 Despite the pullback, some analysts remain optimistic about Bitcoin’s broader trend. Ali Martinez continues to view $100,000 as a potential long-term target, arguing that the recent decline does not necessarily invalidate the larger bullish market structure.
Bitcoin ($BTC ) fell from around $87,000 to an intraday low near $83,654 after stronger-than-expected economic data increased concerns about another interest-rate hike. The shift in rate expectations pressured risk assets across the board, with Ethereum also retreating toward $2,600.
⚡ Markets are now pricing in roughly a 70% probability of a 25-basis-point rate hike next month, creating short-term uncertainty for crypto and other risk-sensitive investments.
🧠 Despite the pullback, some analysts remain optimistic about Bitcoin’s broader trend. Ali Martinez continues to view $100,000 as a potential long-term target, arguing that the recent decline does not necessarily invalidate the larger bullish market structure.
