The Bitcoin market saw a sharp decline in early trading on Friday, but it seems to have found some support at the 50-day EMA indicator. At this point, the market may experience significant volatility, but from what I can see, it remains very bullish in the long term.

Bitcoin Technical Analysis
The Bitcoin market has been quite noisy recently, but we saw a significant trend on Friday, which may be the beginning of a recovery. It is worth noting that the Bitcoin market did bounce off the 50-day EMA. Therefore, having said that, I suspect you may have encountered a situation where traders are trying to enter and buy cheap Bitcoin. After all, it did drop by about 15% at one point. It will be interesting to see how this situation develops in the long run. But in my opinion, it looks like a classic buying opportunity on dips, as Bitcoin may be forming a range that is more significant than anything else. I can realistically see a price range between $90,000 at the bottom and $110,000 at the top.

Therefore, I suspect that many bottom-buyers and long-term traders may take advantage of this decline. Even if we fall below the level of $90,000, there are several areas below that can provide support, with the most important being the level of $74,000, which was a previous significant resistance level. Obviously, that would be a situation where we see a deeper adjustment, but most Bitcoin enthusiasts are actually buying bit by bit. They are building their positions, and if you do this, these are opportunities.