Buying pushes Bitcoin quickly above 100k again
In the past few hours Bitcoin has undergone a rapid correction after reaching its highest levels and exceeding 100,000 it suddenly dropped below 100,000 and reached 98,000 This movement raised many questions and made many people talk about the reason for this rapid decline to the point that some thought that the market had begun to enter a major correction but not after a long period Bitcoin returned again and rose to 102,000.
What happened shows how this market is full of intense pressure from rapid buying and selling operations Many investors see that Bitcoin is still in a major upward phase and they consider any temporary decline to be just an opportunity to buy After they saw the drop to 98000 they decided to enter and buy in large quantities to benefit from the potential rise again which is what made it return again to 102,000.
This buying pressure makes the price action fast and strong which is why we sometimes see big moves in just a few hours If people are interested in investing in Bitcoin at moments like these there is a rapid fluctuation in the price which is in the interest of investors who are trying to seize opportunities in the market What is clear from these movements is that Bitcoin is still making big gains in the long term but this rapid movement reflects the volatile nature of the market which is always full of challenges and opportunities at the same time.
This does not mean that Bitcoin has reached the peak of its momentum. It still faces many challenges and obstacles that may be placed by government agencies or added by some whales in order to manipulate the market. This is what we must follow in the coming months, as I believe that this year will certainly be pivotal.
