TL;DR
- Bitcoin‘s dip below $109K has sparked some doom-and-gloom predictions, but AI says chill-it’s just a correction.
- The ever-chatty Grok claims the bull’s not gone, and a top may be near. Keep holding those digital coins!
Don’t Call It Quits Yet
The mighty Bitcoin’s been feeling a bit under the weather lately. After taking a 6% dive last week, it briefly dropped below $109,000. Naturally, the usual suspects, like economist Peter Schiff, are jumping at the chance to say, “I told you so,” and declare Bitcoin officially in a bear market. But let’s not get ahead of ourselves, folks.
a rally’s probably coming. The exchange balances haven’t shown massive profit-taking, either, which means investors aren’t running for the hills just yet.
‘A Complex Transitional Phase?’
Then there’s Perplexity, who, while not totally sold on the bull run being over, does admit that Bitcoin’s going through some growing pains. It’s in that awkward phase between puberty and adulthood-the crypto equivalent of a teenager figuring out life. But hey, sometimes that’s where the magic happens.
“While there was a correction phase, some new signals indicate a potential start of a fresh bull run, with buying pressure increasing and selling pressure on exchanges at cycle lows. The weakening US Dollar also supports a positive outlook for Bitcoin price,” Perplexity mused.
And before you say, “Isn’t this just 2020 déjà vu?” Well, Perplexity agrees. The current market vibes are strikingly similar to those before Bitcoin’s legendary bull run in 2020. And with the Fed likely to cut rates soon, Bitcoin’s strength may return faster than your internet connection when you’re trying to stream your favorite show on a Friday night.
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2025-09-26 21:30