#BTCOutlook
Is Bitcoin's downward spiral continuing or is it a hoax and there is an upcoming uptrend....?
Bitcoin has seen significant fluctuations recently, exceeding $108,000 before falling to around $96,855.
✅️Factors affecting this decline:📊
1️⃣ US Federal Reserve policy expectations: Interest rate cuts by the Federal Reserve have affected financial markets, including the cryptocurrency market.
2️⃣ Profit-taking by investors📊
After Bitcoin reached record levels, some investors sold their holdings to make profits, leading to selling pressure and a price decline.