Crypto analysts predicted Bitcoin could fall to its 50-week moving average before reversing, citing leverage concerns and historical support patterns.
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Escalating tensions between the US and China, Trump digging in on tariffs and Bitcoin traders avoiding long leverage could push BTC price to new lows.
Bitcoin is at a crucial juncture because a daily close below the $107,000 support clears the path for a drop to the psychological level of $100,000.
Bitcoin's design, governance and regulation set it apart from crypto. From supply rules to ETFs, it now sits in a category of its own.
Bitcoin erased its gold divergence to bounce at $106,000, closing the weekend's CME futures gap, but left traders unimpressed.
Gold suffered a massive $2.5 trillion market cap dip comparable to the entire Bitcoin market, showing that "safe-haven" assets are not immune to volatility.
Bitcoin price analysis hinted that the correlation between BTC price action and M2 money supply may end in a repeat of the late 2020 bull run.