After reaching a new all-time high of $125,000, the price of Bitcoin (BTC) is now experiencing significant pressure, sharply dropping to the range of $107,000 and even briefly testing a strong support area at $101,000. Market sentiment is beginning to change — from the euphoria of 'to the moon' to a phase of fear and uncertainty.
Many traders ask: Is this just a healthy correction before BTC rises again? Or is it a sign that the peak of the bull cycle has already been reached?
This article dissects the latest Bitcoin market conditions from the perspectives of fundamentals, liquidity, geopolitics, and market psychology to understand whether prices can recover — or will continue to weaken before forming the next bullish structure.