After #Bitcoin briefly crossed the $90,000 level, the market faced a wave of selling and liquidation of leveraged positions, and the price retreated to the $84,000 range.
A correction that was accompanied by increased volume and the evacuation of risky positions. This price behavior was expected from a structural perspective and is more like a market reset.
At the same time, the global #gold market has also entered a correction phase after record-low growth. This coincidence creates conditions for liquidity flows to seek their next destination.
At this point, #Bitcoin, unlike many markets, has shown limited reaction to geopolitical developments and political tensions and continues to lag behind its monetary position in terms of price.
With the discharge of short-term pressures and the decline in the attractiveness of #gold, this space could work in #Bitcoin's favor; where capital gradually moves from traditional havens to a scarce, apolitical, and independent currency.
In this context, the recent correction could be seen as an opportunity for a gradual and purposeful entry into #Bitcoin, rather than a warning.