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Why is Bitcoin Price Dropping Now? Will BTC Price Go Down to $100K?

  • Bitcoin price faced a rejection after hitting a new all-time high, indicating the start of a corrective phase.
  • Bitcoin accumulation across all wallet categories has shifted to net accumulators, supporting a bullish outlook.
  • Maintaining above $100K is crucial for Bitcoin after dropping below $110K to avoid a major correction.
  • Bitcoin price experienced a drop below $107K amid a broader crypto crash and stock market sell-off, with potential for a fresh ATH.

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