Would Bitcoin being valued at 90-100k be seen as a dip?

To determine if bitcoin trading at 90-100k is considered a dip, it’s essential to consider the context of its historical price movements and market conditions. Typically, a “dip” indicates a pullback or temporary decline in price from a recent high, providing a potential buying opportunity for investors. Here’s a detailed analysis to help assess it:
Historical Context: If bitcoin previously reached prices significantly higher than 100k, such as 120k or 150k, then a valuation of 90-100k could indeed represent a dip. Conversely, if 90-100k is nearing its all-time high, it wouldn’t traditionally be characterized as a dip.
Market Sentiment: The perception of whether 90-100k is a dip will largely depend on the market sentiment and news. If global events or regulatory changes have negatively impacted Bitcoin’s price, causing it to retract from its peak, it may be viewed as a buying opportunity by investors anticipating a rebound.
Technical Analysis: Traders often use charts and technical indicators such as moving averages, RSI (Relative Strength Index), or Fibonacci retracement levels to identify dips in the price. A valuation of 90-100k might sit at a significant support level established by previous price patterns, suggesting a dip to those relying on technical analysis.
Investor Strategy: Individual investment goals and strategies play a crucial role in defining what constitutes a dip. Long-term investors focused on accumulating more bitcoin regardless of short-term volatility might see any retracement as a dip, while short-term traders or those with a specific entry point strategy may not.
Comparison to Other Assets: Finally, comparison with other cryptocurrencies or asset classes could affect the perception. If other assets have significantly outperformed Bitcoin while it hovers at 90-100k, investors might interpret this relative stagnation as a dip.

In conclusion, whether Bitcoin is considered in a dip when valued at 90-100k largely depends on factors like historical prices, market conditions, technical indicators, and individual investment perspectives.