#MarketPullback *📉 $BTC Price Dips Below 94K Amid Market Volatility*

Bitcoin's price has recently dropped below94,000, reflecting a 6% decrease over the past week. This decline is attributed to low trading activity and broader market volatility.

- *Price Movement:* Bitcoin peaked around 96.5K before sliding down to93.7K.

- *Market Activity:* The recent drop coincides with low bullish momentum and decreased network activity. [1]

- *Liquidations:* Approximately 313 million was liquidated from the crypto-leveraged market, mainly affecting long traders.

*Analyst Insights:*

Technical analysts had anticipated this pullback, citing chart patterns and market indicators. Some traders who entered short positions near96K are reportedly seeing profits from this move.

While this dip has impacted the market, analysts suggest that such corrections are part of Bitcoin's volatile nature. Investors are advised to stay informed and consider market trends when making trading decisions.