Bitop Review: Bitcoin’s Recent Plunge and Key Technical Insights for Traders

Bitcoin’s price dropped below the $100,000 mark early this morning, marking a significant break in key support levels. While it rebounded somewhat, reaching $101,497 before another decline, today’s low has dipped to $98,966. 5th of October analysis, which anticipated a potential price range around $102,000 based on bullish sentiment, seems to have been proven inaccurate. Several factors, including the ongoing U.S. government shutdown, concerns over an AI market bubble, and limited innovation in the cryptocurrency sector, are contributing to a lack of confidence among investors.