Bitcoin Dips Below 109K Analysts Divided

Bitcoin Retraces Below $109,000 Amid Analyst Division on Future Outlook

• Bitcoin (BTC) fell below $109,000 after reaching an all-time high of $111,800 last week.
• Market expert Doctor Profit predicts a potential new ATH of $113,000 due to a “Golden Cross” signal.
• The Golden Cross has appeared twice in the past two years, previously leading to significant price increases.
• Bitcoin exchange-traded fund inflows are nine times greater than the amount being mined.
• Cameron Fous warns of a possible “bull trap,” suggesting the current price might be the peak of the bull run.

Bitcoin’s recent retracement below $109,000 follows its surge to an ATH of $111,800. Analysts like Doctor Profit and Cameron Fous present differing views on whether BTC will reach new highs or face a potential reversal.