### Bitcoin (BTC) Analysis
Bitcoin has recently experienced significant market turbulence. After reaching an all-time high above $108,000 earlier this month, BTC saw a sharp decline, dropping to around $97,000. This decline was driven by macroeconomic factors and investor sentiment, particularly remarks from Federal Reserve Chair Jerome Powell about inflation and interest rate projections for 2025.
**Technical indicators suggest that BTC is currently oversold**, with the Relative Strength Index (RSI) dipping below 35. Despite this, some analysts believe that Bitcoin is on the verge of entering