Recently, the Bitcoin currency $BTC witnessed a notable decline in its price, dropping below the 105,000 dollar level, which raised concerns among some traders. This drop is likely a result of a correction wave following recent increases, along with significant selling pressure in the market. Among the key reasons are also the rising political tensions, particularly the escalating events between Iran and Israel, which has led to a state of anxiety and uncertainty in global markets.
Despite this decline, the overall long-term trend for Bitcoin remains positive, especially with the continued influx of institutional capital. Investors are monitoring support levels around 102,000 dollars, awaiting upcoming market movements. This drop may be viewed as a long-term buying opportunity, but risk management remains essential.
