Bitcoin has retreated below the $100,000 threshold, marking its lowest valuation in four months as selling pressure intensifies across cryptocurrency markets. Market analysts observe that bearish sentiment has dominated recent trading sessions, with sellers significantly outnumbering buyers. This downward trajectory follows heightened volatility from early October, when substantial liquidations occurred. Experts suggest that lingering effects from the October 10 market correction are now manifesting more visibly, contributing to the current downward momentum. Technical indicators point toward potential continued declines as market participants reassess risk exposure amid evolving regulatory landscapes and macroeconomic factors. The cryptocurrency’s price action reflects broader market uncertainties, though long-term fundamentals remain unchanged. Trading volumes have surged during this correction period, indicating both panic selling and strategic accumulation at lower price points. Market watchers emphasize the importance of key support levels in determining Bitcoin’s near-term direction, while institutional investors continue monitoring developments for potential entry opportunities.
