$BTC The value of Bitcoin briefly fell below $102,400 on May 12, despite favorable macroeconomic conditions.
This adjustment occurs at a time when traditional markets are reacting positively to the trade agreement between the United States and China.
Analysts point to technical selling related to profit-taking and risk reduction ahead of the Consumer Price Index release.
Despite this setback, the fundamentals remain strong: the company MicroStrategy bought 13,390 BTC, and Bitcoin exchange-traded funds are experiencing positive inflows.
Technical correction driven by the macroeconomic context.
The cryptocurrency Bitcoin experienced a sudden drop, decreasing from its daily high of $105,819 to its low of $102,388, without a clear downward macroeconomic stimulus. However, this pullback occurs in a generally positive context.