The price of Bitcoin (BTC) has experienced a recent decline, currently sitting around $105,375 USD, which represents a decrease of 1.85% compared to the previous close.(Finger Lakes 1)
The price is 105375.0 USD currently with a variation of -1990.00 USD (-0.02%) from the previous close.
The intraday high is 107564.0 USD and the intraday low is 105046.0 USD.
This decline is attributed to several factors:
Geopolitical and Economic Tensions: Global uncertainty, particularly trade tensions between the U.S. and other nations, has generated volatility in financial markets, negatively affecting cryptocurrencies.(The Economic Times)
Profit-Taking: After reaching an all-time high of over $111,000 USD, many investors have opted to secure profits, which has contributed to the downward pressure on BTC's price.(Barron's)
Technical Factors: Technical indicators show signs of exhaustion in the bullish momentum, with patterns suggesting potential further corrections.
Liquidations in the Derivatives Market: Long positions worth approximately $600 million have been liquidated in the last 24 hours, intensifying the selling pressure.(FXEmpire)
Despite these short-term challenges, some analysts maintain an optimistic outlook for Bitcoin's future, noting that it could reach levels above $200,000 USD before the end of 2025.
For conservative investors, this correction period could represent an opportunity to assess strategic entry points, always considering proper risk management and a long-term vision.
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