Bitcoin BTC/USD dipped below $100,000 over the weekend amid rising geopolitical tensions, sparking debate over whether a deeper correction is underway or if this dip presents a golden buying opportunity.

What Happened: In an X post on Monday, trader Astronomer described Bitcoin’s current pullback as bullish, calling it the final dip before a strong upside reversal. He’s planning to rotate profits from his previous long (closed at $110,000) back into the market with size, targeting a move to $170,000.

Astronomer highlighted a few key points in the current scenario:

Fear is high – and that’s bullish from a contrarian view.

$97,700 is the level to watch: it could flush weak longs and… Read more on Benzinga