đ Why Did Bitcoin Go Down Today?
$BTC has fallen from $66,000 to below $64,000, pulling many altcoins down too. For example, $DOGE down 7% and $ADA down 5%.
This dip follows rising tensions in the Middle East, prompting investors to move toward safer assets - we've seen a similar correction earlier this year. Recent uncertainty around U.S. economic data also adds to the caution. đ
The drop could also be a technical correction - we signaled in our technical analysis that RSI was getting close to overbought territory.
Still, the broader picture for Bitcoin remains promising. Institutional interest and positive macroeconomic factors could soon drive prices higher! đ
