#TradingTypes101 On May 29, 2025, Bitcoin’s price slightly dropped to around $106,500, marking a correction after previously peaking above $111,000. 📉

Main reasons for the drop include:

Profit-taking 💰: After a strong rally, many investors sold off to secure gains.

Macroeconomic concerns 🌍: Stalled U.S.-China trade negotiations and recession warnings from the Federal Reserve triggered market uncertainty.

Weak technical signals 📉: Bitcoin falling below the $106,000 support level activated technical selling and increased market volatility.