Bitcoin is going through a phase of turbulence amid economic uncertainty.[1] After reaching an all-time high close to $123,200, the price has experienced a correction, falling below the support level of $115,000.[2][3] Macroeconomic factors, such as weaker than expected employment data in the United States and the imposition of new tariffs, have contributed to the volatility.[1][4]
Currently, Bitcoin is trading around $113,442, with a negative variation in the last 24 hours.[5] Technical analysts point to a crucial support zone between $96,475 and $99,574.[6] Despite the recent drop, the overall long-term market sentiment remains optimistic, with some predictions pointing to a possible recovery and new highs in the coming months.[2][7] However, in the short term, caution prevails among investors.
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