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Bitcoin Nears Critical Bull Market Support After 10% Plunge—Here’s What Comes Next

Bitcoin Nears Critical Bull Market Support After 10% Plunge—Here’s What Comes Next

Author:
Coindesk
Published:
2025-08-20 11:52:26
7
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Bitcoin Approaching Key Bull Market Support Amid 10% Correction

Bitcoin's latest correction tests key historical support levels—and the entire market holds its breath.

THE SUPPORT ZONE THAT DEFINES CYCLES

Every major bull run faces moments of brutal truth. Bitcoin just hit one of those inflection points, shedding 10% in a classic crypto tantrum. The dip lands it squarely at a technical level that's separated winners from bag-holders for over a decade.

WHY INSTITUTIONS AREN'T BLINKING

While retail traders panic-sell, major funds keep accumulating at these prices. They’ve seen this movie before: sharp corrections that shake out weak hands, followed by violent rebounds that leave slow movers behind. The math stays simple—demand outpaces supply, especially when miners refuse to dump at a loss.

THE CYNICAL TAKE

Of course, Wall Street still treats crypto like a high-beta gambling chip—right up until their quarterly reports need a boost. Nothing brings out ‘believers’ like easy profits and FOMO-driven allocations.

Bottom line: markets cycle, humans overreact, and Bitcoin keeps charting its path through the noise. This isn’t its first correction rodeo—and it won’t be the last.

|Square

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