So, Bitcoin, our beloved digital diva, is flirting with the idea of a “bear trap” just under $95,000. I mean, how appropriate is that? A little dip after strutting its stuff with a show-stopping monthly close above $100,000? Classic move! 
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View Urgent ForecastBut wait, hold the phone! On February 2, Bitcoin decided to take a nosedive, breaking below the psychological barrier of $100,000 for the first time since January 27. Talk about a drama queen! 
Of course, this glorious slip comes amid inflation fears. Can you believe it? President Trump throwing tariff tantrums at China, Canada, and Mexico. Who knew border disputes could mess with my crypto vibes? 
Ryan Lee, the chief analyst at Bitget Research, seems convinced that this slip could open the door to a bigger correction—like, “Oops, look out below!” Not to worry, he reassures us, the $95,000 area is still a big deal! The guy loves his support lines almost as much as I love a good coffee. 
And it gets better! If labor market reports come back hinting at a sluggish economy next week, Bitcoin might just gift us a surprise upside! Bring on February with all its uncertain glory! 
The grand sages at the US Bureau of Labor Statistics will unveil their labor market report on February 7. If it’s weak, the Fed might just decide to cut rates, which could lead to the kind of “supportive environment for Bitcoin” that we only dream about. Thank you, Ryan, for the glimmer of hope! 
Record Monthly Close: Bitcoin Threw Its First $102,000 Party! 
Oh, but wait, did we mention Bitcoin totally rocked January with its first-ever monthly close above $100,000? It flaunted a new record of $102,412! Over 6% higher than its previous high of $96,441. I’m not crying; you’re crying! 
Now, there are some optimistic analysts, including our friend Sensei, who argues that this current correction is just a clever bear trap. I mean, could this be a well-orchestrated sell-off that leaves us reeling? 
A bear trap! It’s like a surprise party for your portfolio—someone sells to give you a little heart palpitation while deep down, we know it’s only a blip during a long-term rave! 
Despite the nervous giggles, the general mood for Bitcoin in 2025 remains decidedly bullish. Prospects are glittering! Especially when you consider that spot Bitcoin ETFs just reached a whopping $125 billion milestone! I’ll toast to that! 
Analysts are tossing around predictions of $160,000 to over $180,000 for the year. So, let’s buckle up and see where this rollercoaster takes us!
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2025-02-02 14:21