Why is Bitcoin (BTC) going down today? š
As of May 14, 2025, Bitcoin (BTC) is trading around $103,426, down slightly by 0.42%. Here are the key reasons behind this minor dip:
1. Profit-Taking After Recent Gains š°
Bitcoin recently broke past the $100K mark and touched highs above $104K. Many traders are cashing out profits, causing temporary selling pressure.
2. Technical Resistance Levels āļøš
BTC faced strong resistance near $104,207 and failed to hold above it. This false breakout triggered a pullback, with next support expected around $102,500.
3. Market Sentiment & Volatility āļøš
While exchange reserves are dropping (a bullish long-term sign) š, short-term sentiment remains cautious. Traders are waiting for clear breakout signals before committing.#BTC $BTC