WHY IS THE PRICE OF $BTC FALLING NOW, AND HOW WILL IT CONTINUE?

The profit-taking by long-term holders acted as a drag on the price momentum.

In the last two weeks, bitcoin ($BTC ) reached a new all-time high of USD 111,800. However, this enthusiasm was tempered, and at the time of this publication, it is trading around USD 103,000.

Bitcoin has broken a key support level of USD 103,700 and could find a new solid floor at USD 95,600. This occurs in a context where old hodlers of $BTC are shedding their holdings. Now, the determination of investors who remain bullish now faces a critical test.