The post Why is Bitcoin Down Today? Will BTC Cross $100k? appeared first on Coinpedia Fintech News
Bitcoin sent shockwaves to the market as it fell under $95,000 when it was above $98,000 just yesterday. It peaked at almost $99,500, but now it’s dropped back to around $94,427. That’s quite a drop, but is it the end of the road or just a temporary dip? People are still buzzing about what might happen next, so let’s take a closer look at what’s really going on.
What’s Causing This Drop?
Bitcoin reached its high of $99,500, then dropped by about 5%. Now, it’s trading around $94,427. But here’s the thing—trading volume has actually gone up by 60.55%, which means people are still actively buying and selling despite the price drop. Some think it’s just a quick correction before Bitcoin takes another shot at going higher.
Key Levels to Watch
Right now, Bitcoin is testing some important levels. If it can break past the $95,750 resistance, we could see it climb to
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