Bitcoin experienced significant volatility, dropping below $95,000 before bouncing back. Analysts suggest that panic selling from short-term holders subsided, but potential for further dips remains. The current loss level does not indicate a macro bear market. Sentiment around the Federal Reserve’s upcoming meeting may impact Bitcoin’s price. Traders now predict a 56.4% chance of rates remaining unchanged, a shift from previous expectations. Investor pessimism is affecting crypto more than stocks. Market recovery is uncertain, and caution is advised in the near term. Long-term potential depends on sentiment, liquidity, and volatility.

Read more at Yahoo Finance: Bitcoin Is Falling, But Don’t Call It a Bear Market Yet: Analyst