Odaily Planet Daily News Bitcoin has experienced a significant correction, dropping 15% from its historical high of $108,300. This price decline marks a sharp shift in market sentiment, which has quickly turned from extremely bullish to uncertain and cautious. As altcoins have been severely impacted, Bitcoin's pullback has raised concerns about the sustainability of the recent rally. Top analyst Maartunn recently emphasized that this adjustment coincides with the most severe sell-off since October 26, when the BTC trading price was $66,000. The increase in selling pressure clearly indicates that the market has shifted from a bullish market to one filled with fear and hesitation. The combination of reduced buying activity and rising selling pressure suggests that the market is struggling to maintain upward momentum. Additionally, Bitcoin is currently testing the key level of $92,000 to seek support. (Bitcoinist)
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Analyst: Bitcoin's Current Pullback is Highly Related to Coinbase's Sell-off Since October 26
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