Analyst: Bitcoin may first dip to $94,500 before entering a complex consolidation phase, with the final bottom around $84,000

Chinese encryption analyst Banmuxia stated, "Regarding Bitcoin, there are still many people underestimating the complexity of the upcoming market situation. I believe that this small bear market will likely end around $84,000, but that does not mean it will smoothly decline to $84,000; this time it will likely be a complex horizontal adjustment.

Currently, it seems that it may slightly drop to around $94,500, and then it will likely enter an exceptionally complex oscillation market, with a rebound that could even reach above $116,000, and then slowly drop to the $84,000 and below 6-8% range."