Bitcoin is down after previously reaching a peak of over $108,000 about two weeks ago. The price of Bitcoin has risen by 120% this year, buoyed by prospects that the incoming Trump administration may strongly support digital currencies. Chris Weston, head of research at online broker Pepperstone, stated that the post-election buoyancy effect has now faded, and Bitcoin has entered a range fluctuation between $92,000 and $100,000. In a report, he mentioned that if it closes below $92,000, it would open up space for Bitcoin to further drop towards $81,000. According to information from LSEG, Bitcoin is down 0.9% to $93,600. #BTC☀
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