Bitcoin Price Dips 10%, Reaching $111,300 Before Potential Rebound

Bitcoin’s price has recently dipped by nearly 10% to reach around $111,300. This drop may lead to a potential further dip to the $100,000 support level, according to predictions made by analysts. The anticipated decline is being watched closely by institutional investors who are actively maintaining their positions through ETFs. Despite this downturn, these investments suggest a possible rebound in the market and its stability in the long run.