Bitcoin scrapes new lows as tech stocks drop: Data forecasts BTC dip below $100K
Bitcoin drops to fresh lows despite every bullish outcome that traders forecast being confirmed. Are investors’ worries about an artificial intelligence sector bubble adding weakness to BTC?
Key points:
Bitcoin charts suggest downside to $103,800 and a final flush below $100,000 as the most likely outcome in the short term.
Investors are concerned that the CAPEX expansion by Big Tech companies for their AI infrastructure reflects a speculative-driven market.