Half-Wood Summer: Bitcoin to Dip to $94,500 Before Entering Complex Range-Bound Trading, Eventually Bottoming Near $84,000

BlockBeats News, November 5th, Chinese crypto analyst Banmuxia stated, "Regarding Bitcoin, there are still many people underestimating the complexity of the upcoming market. I believe that the high probability will end this minor bear market around $84,000, but it does not mean it will smoothly decline all the way to $84,000. This time will likely be a complex sideways adjustment."

Currently, it looks like there may be a slight drop to around $94,500, and then it will likely enter an exceptionally complex oscillating market. The rebound may even reach above $116,000, and then slowly drop to $84,000 and below, in the 6-8% range."