Bitcoin Faces Resistance as Market Cools
On November 4, Bitcoin is experiencing notable market resistance, having dropped 3.3% in the last 24 hours to a trading price of $106,465. This decline highlights Bitcoin’s ongoing struggle to maintain crucial support levels, especially as institutional demand shows signs of weakening. Amid high outflows from major Bitcoin ETFs, market participants are facing uncertainty. These developments raise questions about future price trends and investor confidence in Bitcoin’s long-term potential.
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