Bitcoin lost 5% per day

Bitcoin BTC $103,942.76 Bitcoin 0.99% Market capitalization $2.06 trillion VOL. 24 hours $2.32 billion has fallen by exactly 5% from its recent highs, reaching an important technical mark — the 50% Fibonacci retracement level, which is located near $ 100,699. This information was released by analysts based on the chart of current market fluctuations.

The price correction came after a rapid rise in the price of bitcoin by almost 10% in 36 hours, when it reached $ 106,423. After that, the asset went down, which once again emphasizes the importance of Fibonacci levels for the cryptocurrency market.

The current decline is in line with the usual market dynamics after sharp rises and can be seen as a technically healthy correction. Traders' attention is now focused on whether bitcoin will be able to hold the $ 100,699 level or whether the market will test lower levels.

This stage of the retest is taking place against the backdrop of the overall volatility of the crypto market, which has recently been intensifying due to macroeconomic factors and regulatory news. The calm development of events currently looks extremely uncertain.

At the same time, market participants continue to assess how changes in global economic policy, particularly in the United States and China, will affect the further movement of cryptocurrencies. In such circumstances, key technical levels, such as the 50% Fibonacci, remain important guidelines for decision-making.