📉 What happened to Bitcoin yesterday?
Yesterday, Bitcoin fell by 1.5%, closing the day around $105,100, after reaching an intraday high close to $106,800.
🔍 Why did it drop?
1. Macroeconomic tension:
The markets reacted cautiously to the Fed's statements, which reiterated its restrictive approach to interest rates.
2. Profit-taking:
With BTC nearing resistance levels around $107,000, many investors took the opportunity to secure profits, generating downward pressure.
3. Geopolitical context:
The tense situation in the Middle East affected global markets, including crypto, which, although decentralized, is not immune to global sentiment.
⸻
✅ Conclusion
Yesterday's drop was moderate and within a healthy pattern. As long as BTC remains above $102,000–104,000, the medium-term trend remains intact.
⸻
#Bitcoin #BTC #Binance #Cryptocurrencies #TechnicalAnalysis #CryptoMarket #Trading #CryptoNews #Halving2024