Bitcoin Sees Dip Below $100,000 as Technical Analysis Suggests Potential Correction

Recent price movements in Bitcoin have caused some unease within the crypto community. However, a closer examination of historical data suggests that these dips could be part of a normal market correction cycle. The BTC/XAU ratio fell 10.45% and 4.8% below its 200-week EMA in November, signaling a potential bottoming phase based on past trends. Experts have highlighted the significant role that gold has played historically in predicting Bitcoin movements. Notably, this dip aligns with previous historical occurrences, potentially hinting at a near-term consolidation period.