Bitcoin is currently trading at around $114,662. Despite a small increase of 0.6% in the last 24 hours, the overall trend in the last week is downward. Since the peak of $123,000 reached at the end of July, there has been a correction of about %7. So, what is behind this drop? – Profit Realization: After the historic high in July, a natural technical correction is occurring. – Macroeconomic Uncertainty: the employment data in the US and interest rate expectations are affecting the crypto markets. – ETF Outflows: Some institutional investors have started to act cautiously. – Corporate Acquisitions: Despite this, big players like MicroStrategy continue to buy; this creates strong support at lower levels. Critical Levels: • Support: $112,000 • Resistance: $116,800 – $118,000 The question that should be asked at this point is the following: Is it just a correction or the beginning of a deeper correction? Share your thoughts in the comments! #Bitcoin##CryptoNews##MarketAnalysis#
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#BTC Drop Below# $114K – rising Bitti mi, Buying Opportunity?
Bitcoin is currently trading at around $114,662.
Despite a small increase of 0.6% in the last 24 hours, the overall trend in the last week is downward.
Since the peak of $123,000 reached at the end of July, there has been a correction of about %7.
So, what is behind this drop?
– Profit Realization: After the historic high in July, a natural technical correction is occurring.
– Macroeconomic Uncertainty: the employment data in the US and interest rate expectations are affecting the crypto markets.
– ETF Outflows: Some institutional investors have started to act cautiously.
– Corporate Acquisitions: Despite this, big players like MicroStrategy continue to buy; this creates strong support at lower levels.
Critical Levels:
• Support: $112,000
• Resistance: $116,800 – $118,000
The question that should be asked at this point is the following:
Is it just a correction or the beginning of a deeper correction?
Share your thoughts in the comments!
#Bitcoin# #CryptoNews# #MarketAnalysis#