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Bitcoin Falls to $118K After Recent High — Just a Dip or Start of a Downtrend?
After reaching a recent high of $124,000, Bitcoin has pulled back to around $118,000, raising questions among traders and analysts: is this simply a healthy correction or the beginning of a broader trend reversal?
Market volatility is nothing new for Bitcoin, and such pullbacks often occur after strong rallies. Some experts believe this dip could be a short-term breather, especially if investor sentiment and macroeconomic conditions remain favorable. Others caution that it may signal weakening momentum and urge traders to watch key support levels closely.
As always, market participants are keeping a close eye on upcoming economic data, institutional activity, and technical indicators to determine Bitcoin’s next move. Whether this is a pause before another climb—or the start of a deeper correction—remains to be seen.
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