Bitcoin recently rebounded by 14.60% after falling below $75,000 for the first time in five months. However, concerns have arisen as it has struggled to break above the $85,000 resistance level, which could signal further downturns. Analysts suggest that increased investment in gold, driven by geopolitical tensions and the allure of safer assets, could pull Bitcoin's price down below $50,000. Institutional investments reflect this trend, with substantial inflows into gold ETFs and significant outflows from Bitcoin ETFs. Data from Glassnode indicates a growing divergence between short-term holders, who are facing significant unrealized losses, and long-term holders, who remain profitable. This scenario hints at potential early bear market conditions. Conversely, some analysts like PlanB maintain that the current dip is merely a correction within a broader bull market and predict that Bitcoin's price will surge above $100,000, especially as historical patterns suggest bullish trends near halving cycles. Overall, while caution is advised due to the current market dynamics, the situation remains fluid without confirming an outright crash.

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