$BTC is bleeding... Does the rebound start from here?"
Indeed, the drop from 112,035 to 109,644 means that Bitcoin has lost about 2,391 dollars in just a few hours — this is considered a clear selling pressure.
📉 This type of decline is often caused by:
- Quick profit-taking by speculators
- A temporary break of technical support at 110K
- An increase in trading volume against a decrease in market value, which is a sign of speculative selling activity
But in the larger context, the price is still close to accumulation areas, and if it stabilizes above 108,500 – 109,000, we might see a new rebound.
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