Bitcoin Price Outlook – Bitcoin Continues to See Buyers on Dips

Bitcoin Technical Analysis

The Bitcoin market has fallen pretty significantly during the early hours on Monday, but it has bounced just as significantly from the 50 day EMA and I think this tells us everything we need to know, there are people out there looking to buy Bitcoin regardless. We did get a bit of a bloodbath in the technology sector after the DeepSeek news hit the wires. But really at this point in time, this looks like a perfect pullback to previous resistance, which is now support and then turn things around. All things being equal, this is a market that I do think will bounce enough to go looking at the $110,000 level, an area that previously had been a bit of a double top.

If we break down below the lows of the trading session on Monday, that could open up a move back down to $90,000, which quite frankly, I think would only attract more buyers. That being said, this is probably going to continue to be a choppy and volatile market.

I think that’s probably going to be the case with anything risk related over the next day or two, especially considering that in the middle of the week, we have the Federal Reserve, the Bank of Canada, and the European Central Bank all giving interest rate decisions, so that will throw chaos into the mix as well. Regardless, I like the idea of buying dips. I think we’re in an accumulation phase right now, and there’s really nothing on this chart that tells me Bitcoin is suddenly going to fall apart.

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