$BTC BTCUSDT

Perp

103,449.9

-1.58%

A few hours ago, Bitcoin broke below its key support level at 103700 and slipped under the 50-period simple moving average, a critical technical level, confirming the bearish outlook I previously mentioned. The price dipped sharply to around 102350, a notable correction from just a few hours earlier when $BTC was trading near 106000. Right now, Bitcoin is hovering around 103500.