Recently, the price of Bitcoin has been under pressure for several consecutive days, and market sentiment has fallen into a slump. After falling for several consecutive days, Bitcoin has once again experienced a sharp dive near the $100,000 mark. Especially after falling for three consecutive days, the price of Bitcoin once fell to $91,700 on Thursday, setting a recent low, which has attracted great attention from investors and market analysts. The reasons for this wave of price correction are complex and diverse. First, the uncertainty of the global economy and the volatility of the financial market have had a great impact on the digital currency market. Secondly, changes in regulatory policies and strengthened regulatory measures have also made market sentiment cautious, and investors have doubts about the prospects of Bitcoin. Furthermore, the technical selling pressure in the market and the large-scale withdrawal of funds have further aggravated the downward pressure on prices.

The sharp drop in the price of Bitcoin has not only affected investor confidence in the short term, but also caused concerns about the overall cryptocurrency market. In this price correction, many investors who were originally optimistic about Bitcoin began to re-examine its investment value. Some analysts believe that the rapid rise of Bitcoin may have a certain bubble, and the current decline is a natural adjustment of the market. However, some optimistic voices point out that short-term fluctuations do not represent long-term trends, especially in the context of Bitcoin's positioning as digital gold and safe-haven assets being gradually recognized, its long-term value is still optimistic.

From a technical perspective, after the price of Bitcoin fell below the $100,000 mark, the market's support and pressure levels became the focus of attention. Some analysts believe that $91,700 may be a short-term support point, but whether the market can stabilize still depends on whether it can attract enough buying. If the price continues to fall, it may further challenge more technical support layers, leading to more selling by investors.

In general, although Bitcoin faces greater downward pressure in the short term, its unique status and potential as a digital currency remain unchanged. When facing the current market volatility, investors need to pay more attention to risk control and long-term perspectives, operate cautiously, and avoid blindly following the trend. For long-term investors, this may be a time to reassess market dynamics and adjust investment strategies.#BTC☀