Bitcoin is currently trading around $95.5K, finding support near its 50-day moving average on both Friday and Monday. Although a market decline was anticipated at this level, it's too early to conclude that the correction has ended. Further declines in the stock market, particularly affecting assets like Bitcoin and Ethereum, could prompt institutional investors to trigger a deeper pullback.
The reduced liquidity during the holiday season may intensify market volatility. In a worst-case scenario, prices could dip to the $70K range. However, it’s more likely that a pullback to around $90K over the next couple of weeks will attract enough buyers to halt the sell-off.