Bitcoin Price Dips Amidst Shifting Market Dynamics

Recent shifts in Bitcoin’s price trajectory have sparked discussions within the crypto community, prompting concern among experts. Prominent analyst Justin Bennett highlighted the market decline after Bitcoin failed to hold its support level at $106,600. According to Bennett, a potential rebound might see Bitcoin test the $100,000 mark before entering a phase of consolidation. Will the market stabilize? Bennett suggests that if Bitcoin fails to comfortably surpass $106,000 and $107,000 in long-term trading, a downturn is likely.