Bitcoin's price drops after hitting $100,000 resistance, but CryptoQuant CEO remains bullish.

From Investing.com
November 26, 2024 1:00:27 pm:

Bitcoin’s price is plummeting after testing the $100,000 resistance level, prompting comments from CryptoQuant CEO, Ki Young Ju. Lessons from 2021’s historic bull run highlight the natural volatility of Bitcoin’s market, with price corrections of up to 30% being common. Young Ju advises investors to manage risks during market dips, emphasizing the importance of long-term perspective.

Despite recent losses, Bitcoin is still considered in a bullish phase, currently trading at $93,743.31 after a 4.94% decrease in value. Trading volume has increased by 54.20% to $88.72 billion, indicating ongoing investor interest. However, some are panic-selling to avoid further losses, causing fluctuations in the market.

Read more at Investing.com: CryptoQuant CEO on Epic Bitcoin Sell-off By U.Today