Bitcoin scrapes new lows as tech stocks drop: Data forecasts BTC dip below $100K
Bitcoin drops to fresh lows despite every bullish outcome that traders forecast being confirmed. Are investors’ worries about an artificial intelligence sector bubble adding weakness to BTC?
Key points:
Bitcoin charts suggest a downside to $103,800 and a final flush below $100,000 as the most likely outcome in the short term.
Investor concerns about Big Tech companies’ CAPEX costs for their AI infrastructure reflect a speculation-driven market.
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