Bitcoin’s (CRYPTO: BTC) drop below $80,000 has traders questioning whether this is a healthy correction or a prime buying opportunity.
What Happened: In a detailed X post on Monday, crypto trader Stockmoney Lizards posited that traders are rushing to buy the dip, but technical analysis suggests Bitcoin’s pullback may not be over yet.
While long-term fundamentals remain strong, history and current price action indicate further downside is possible before the next leg up. The trader flagged several relevant technical …
Full story available on Benzinga.com