Bitcoin has dropped by 15% following its record high of about $108,365. Analysts suggest further declines may occur as Tether's market dominance (USDT.D) shows signs of recovery. This increase in USDT.D typically indicates a shift towards Tether, implying that traders may anticipate market volatility. The ForexX Mindset analyst warns of a deceptive price spike that could lure traders before a significant decline ensues. Bitcoin has recently bounced back from a low of approximately $92,120, reaching about $96,740 but faces challenges in maintaining momentum due to bearish signals. The analyst highlights a potential institutional strategy where large holders might artificially inflate prices to attract retail investors, only to sell off their positions at a profit. If Bitcoin's value continues to dip, it could target $81,500—its next key support level. Alternatively, if it regains support at its recent high, targets as high as $150,000 could be possible by mid-2025.

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