Bitcoin Bounces Again From DeepSeek Market Rout — $150Okay Goal Nonetheless On Desk?…

The ripple results of this occasion prolonged to the cryptocurrency market, the place Bitcoin’s worth briefly dipped beneath $100,000, reaching an intraday low of $97,750.

Regardless of this setback, Bitcoin rapidly regained its footing. As of Jan. 28, the cryptocurrency is buying and selling for over $103,000, marking a 5.75% improve from its native low.

The swift restoration has led market observers to revisit optimistic forecasts for Bitcoin’s worth trajectory.

As an illustration, an impartial market analyst on X famous that BTC’s decline after the DeepSeek market rout did little to dissuade it from its bullish continuation trajectory, confirmed by what seems to be a bull pennant sample.

“An in depth as little as $96okay would nonetheless be massively bullish,” he wrote whereas anticipating the worth to succeed in over $150,000 within the coming months.