📉 Why did the price drop?

Bitcoin dropped 29,925,617,830 below 103–104 thousand dollars today due to escalating geopolitical tensions in the Middle East, especially Israeli airstrikes on Iran, prompting investors to reduce risk.

The recent decline is attributed to resistance near 108 thousand dollars and market concerns about the timing of the U.S. interest rate cut.

Technical analysis suggests the possibility of forming a "bull trap" which may push the price down towards 100 thousand dollars again.