Bitcoin Dips From $123K Peak—But This Bull Run Isn’t Over Yet, Say Top Analysts

Bitcoin's gravity-defying rally hits a speed bump—but the rocket fuel isn't spent.

After touching a staggering $123,000, BTC shows its first significant pullback since the halving frenzy. Yet market veterans see this as healthy consolidation, not a reversal. 'This is classic price discovery,' says one hedge fund crypto lead. 'The real FOMO starts now.'

Why the confidence? On-chain metrics scream accumulation. Whale wallets grew 11% during the dip. Mining hash rates hit new highs despite energy costs. And that $123K? Just a waypoint, claims one analyst: 'We're testing the elasticity of institutional appetite.'

The kicker? Traditional finance still can't decide if this is a 'store of value' or a 'risk asset'—meanwhile, the OGs keep stacking sats. Typical Wall Street: late to the party but first to demand a seat at the table.