Bitcoin Below $96,000 – Is There a Reason to Worry?
After skyrocketing 40% in just 3 weeks, $BTC has dipped below the much-anticipated $100K milestone, now consolidating around $96K. What’s behind this move?
Profit-taking by investors locking in gains after the rapid surge has played a role. Technical indicators, like the RSI, showed overbought signals, while the Fear & Greed Index hit "Extreme Greed."
Additionally, resistance at the $100K level, with heavy sell orders just below this psychological mark, has created a temporary barrier.
Corrections like this are natural and often set the stage for future growth. Fundamentals remain strong, and institutional interest continues to rise. 🌟