$BTC experienced a decline today, with its price dropping below $104,000. Several factors contribute to this downturn.

Market sentiment plays a significant role. Recent data indicates a bearish trend, with some analysts predicting potential downturns. Additionally, global economic uncertainty and regulatory concerns may be influencing investor confidence.

Technical indicators also suggest a bearish outlook. $BTC price movement is often tied to broader market trends, and current indicators point towards short-term weakness.

Institutional investment and market dynamics are also crucial. While some investors remain optimistic about BTC's long-term potential, others may be cautious due to market volatility.

BTC's price is influenced by a complex array of factors, including adoption rates, security concerns and global economic conditions. As the cryptocurrency market continues to evolve, predicting BTC's price movements remains challenging.

In conclusion, $BTC Bitcoin's current price decline reflects a combination of market sentiment, technical indicators and broader economic factors. Despite this, BTC remains a significant player in the cryptocurrency market.