Golden Finance reported that Bitcoin fell below $95,000 multiple times on Friday, with a cumulative decline of 7.5% this week. An analyst stated that this round of selling looks more like a pullback in the mid-cycle rather than the beginning of a full-blown Bear Market, as the current losses have not yet reached the level of “Capitulation”.
Market uncertainty arises from changes in investors' expectations regarding Federal Reserve policy: traders now expect only a 56.4% probability of maintaining interest rates in December, while just a month ago, the market believed the probability of rate cuts was as high as 94%.
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