#BTC Drop Below# $114K – Is the bullish trend over, or is it a buying opportunity?
Bitcoin is currently trading at around $114,662.
Although there has been a small increase of 0.6% in the last 24 hours, the overall trend in the last week has been downward.
Since reaching the peak of $123,000 at the end of July, there has been a pullback of around 7%.
So what is behind this decline?
– Profit Realization: A natural technical correction is occurring following the historic rise in July.
– Macro Uncertainty: US labor data and interest rate expectations are impacting the crypto markets.
– ETF Outfl