In accordance with Insidebitcoins, the Bitcoin price fell 2% in the last 24 hours to $111,333, with trading volume dropping 31% to $50.47 billion. Glassnode warned that if Bitcoin fails to reclaim the $113,000 level, it could fall to $88,000 as long-term holders begin to sell. On-chain data shows reduced exchange reserves and ongoing profit-taking by veteran holders. Technical analysis indicates a bear flag pattern and weak momentum, with $105,000 as a key support level.
Bitcoin Price Drops 2% as Glassnode Warns of Potential Fall to $88k
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