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Half-Wood Summer: Bitcoin to Dip to $94.5K Before Entering a Complex Range-Bound Phase, Ultimately Bottoming Out Near $84K

2025.11.05 09:48:23

On November 5th, the Chinese crypto analyst Banmuxia stated, "Regarding Bitcoin, many people still fail to fully understand the complexity of the upcoming market. In my opinion, there is a high probability that this recent bear market will end around $84,000. However, it does not imply that the price will simply drop to $84,000. This period is likely to experience a complex sideways adjustment." Currently, it appears that there may be a slight decline to approximately $94,500, and then it is highly likely to enter an extremely complex oscillating market. The rebound may even reach above $116,000, and then gradually drop to within the 6-8% range below $84,000.
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