The sudden fall in BTC 😱 (Bitcoin) price, as depicted in the chart, shows a sharp drop from around 111,980 to a low of 106,800 USDT😭 . This decline could be attributed to several potential factors such as panic selling, negative market sentiment, or macroeconomic events like unfavorable regulatory news or sudden shifts in global financial markets. The chart also reveals a strong downward momentum marked by steep price movement and declining volume, followed by a recent attempt at recovery. Indicators like RSI(6) reaching 76.82 suggest overbought conditions during the bounce, while MACD shows a positive crossover hinting at potential short-term bullish reversal. However, caution is still advised as the market remains volatile.

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