Today, the price of Bitcoin (BTC) fell below $56,000, hitting its lowest point in the past few weeks. The decline was triggered by increasing selling pressure and weakening demand momentum in the market. Investors are concerned that the downtrend could continue further, especially since the price of BTC has fallen below the average price point that many short-term investors bought. Analysts warn that if the decline continues, Bitcoin could face a deeper correction in the near future.
