#MarketPullback
A pullback in cryptocurrency trading refers to a temporary decline in the price of a cryptocurrency during an ongoing upward trend. These pullbacks are a natural part of market cycles and can last from a few hours to several days, depending on market volatility and external factors such as news or regulatory announcements. Traders often view pullbacks as buying opportunities, especially if they missed entering during the initial trend reversal.
Recently, Bitcoin experienced a significant pullback after reaching record highs. After surpassing $100,000, Bitcoin's price declined by more than 10%, influenced by factors such as reduced expectations for looser U.S. monetary policy.