of Why is the price going down today? The key reason behind this!

The price of Bitcoin has fluctuated from $98,000 to $98,000 today, and will be cut to over $700 million. Once it was posted as the month of visitation, after November it comes with more than 10%.

So how much has actually risen from this emergency, and can bingo even fall from here?

The reason behind the fall in Bitcoin price

43 days after the announcement by the US government, the broader financial market is still struggling. And here are the main reasons why the price of Bitcoin is still falling.

Beware of related stocks

One of the main reasons behind today's drop in Bitcoin is the appetite for crypto-related stocks that drag down the chart.

Disturbed Crippo companies' shares scattered. Even the giants Coinbase and Microsting have seen a 7% drop.

The wiretapping the broader tech market rallied by 2%, and the S&P 500 fell 1.3%.

When the FADED level is cut, the expectations are weakened

Another key reason behind the drop in Bitcoins is the hope that the feeding rate planted in December will be cut. Requested comments from the masked authorities from the additional authorities to the risks of killing shortcuts by pushing the responsibilities, shed their interest. As this transition will take care of the fears among the traders, the simps will hold very heavy construction estimates.

According to the plate, the socio-emotional feelings have changed significantly, the Sysopto fear and greed and the greed and greed index show a high level of fear in the market.

Institutional Selling and ECP

Adding even more pressure to Bitcoin's decline is a massive selling wave by institutional investors. Reports suggest that Blackrock, Bitness, and Winter will be loaded with Bitcoin worth more than $1 billion, and will trigger a quick 5% price drop in minutes.

At the same time, Bitcoin ETFS are seeing serious criminals. In the year No November 12, $278 million in $278 million in cash, adding more than $10 billion to $1 billion this month. This indicates that the big investors are moving backwards and it indicates a weak institution.

What is next for Bitcoin price?

After touching a record above $126,000 this year, Bitcoin experienced a strong correction and is now moving closer to the 98,000 mark.

The relative strength index (RSI) indicated that Bitcoin is entering the bearish zone, but it has dropped to around 33. Analysts believe that a short-term recovery to $107,000 can be followed if it can hold above $98,000.

However, if it slips below this critical level, the market may see a deep pullback, possibly towards $90,000.

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