Odaily Planet Daily News: Bitcoin has recently experienced a significant correction, dropping 15% from its historical high of $108,300! 😮 This price adjustment has shifted market sentiment from extreme bullishness to uncertainty and caution. Altcoins have also not been spared, suffering heavy losses.
Top analyst Maartunn points out that this adjustment coincides with the most severe sell-off activity on Coinbase since October 26, when Bitcoin was trading at $66,000. The increase in selling pressure indicates that the market has shifted from optimism to fear and hesitation, and the decrease in buying activity has made it difficult for the market to maintain its upward momentum.
However, Bitcoin is currently testing the key level of $92,000 in search of support, and future trends are still worth looking forward to! 🚀