📉 Analysis of the Cause of Bitcoin's Drop

The recent decline in Bitcoin's price is due to the convergence of several technical and financial factors, most notably profit-taking at local peaks and breaking important support levels, which led to widespread liquidations of leveraged contracts.

This was accompanied by the market's sensitivity to economic news and a rise in fear levels, which accelerated the downward movement.

🔎 Technically, the movement is classified as a correction within the trend unless the main supports are broken.

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87,983.1

+0.33%