PANews December 21 news, according to Bitcoinist, analyst Maartunn pointed out that this Bitcoin pullback may be related to the significant selling activity on the Coinbase platform 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 increased selling pressure suggests that the market is struggling to maintain upward momentum. Bitcoin has experienced a significant pullback, dropping 15% from its historical high of $108,300. This price drop marks a sharp change in market sentiment, which has quickly shifted from extremely bullish to uncertain and cautious. As altcoins suffer heavy losses, Bitcoin's pullback has raised concerns about the sustainability of the recent rally, and Bitcoin is currently testing the $92,000 support level.
