Bitcoin Price Drops Below $105,000 Amid Market Correction Concerns

The cryptocurrency market experienced a notable dip in Bitcoin’s value, dropping below the crucial $105,000 mark. Experts suggest this price decline reflects ongoing correction pressures and that investors are shifting their attention to crucial support levels around $100,000, a historical area known for significant buying activity. Analyzing technical indicators like the MACD, market experts anticipate continued selling pressure in the near term. However, some believe Bitcoin could bounce back if buyers emerge at these price points ($99,000 to $101,000), potentially leading to a rise above $107,000 and possibly even exceeding $115,000.