Bitcoin Dips Below $113K: Fear Persists as Potential Buyer Zones Appear

Bitcoin’s price slipped below $113,000, prompting a shift from bullish sentiment to bearish expectations. Despite this dip, historical analysis suggests it could be an opportunity for long-term investors due to the potential accumulation zones. Key signals indicate possible consolidation, manipulation, or distribution by large holders. The descending channel trend has brought Bitcoin’s price below $113K after a recent surge failed to maintain key levels above $115K. 24-hour social media sentiment turned dramatically negative, mirroring historical market cycles where pessimism often precedes strong rebounds in Bitcoin’s valuation.