👽👽👽👉👈The price of Bitcoin (BTC) has experienced a recent drop, falling below 106,000 dollars on October 17, reaching its lowest levels in several months. The current quotation is volatile, and technical analysts have pointed out that it could fall even further, possibly down to 95,000 dollars.
What does this mean?
The drop in Bitcoin is a reminder that the cryptocurrency market is very volatile. The price is based on the law of supply and demand: when there is less demand, the price goes down.
BTCUSDT
Perp
105,812.3
+2.15%