Bitcoin Drops Below a Crucial Trend Line: Will BTC Price Plunge Further or Rebound Strongly?

The post Bitcoin Drops Below a Crucial Trend Line: Will BTC Price Plunge Further or Rebound Strongly? appeared first on Coinpedia Fintech News

Ahead of the US inflation report, Bitcoin’s price is experiencing a bearish correction. This drop is triggered by significant sell-offs among investors, creating intense bearish pressure in the $95K-$100K range. Meanwhile, various on-chain metrics indicate mixed sentiments regarding Bitcoin’s next direction, as traders on both sides continue to heavily influence the price chart. Bitcoin’s MVRV …