Bitcoin recently reached a milestone by testing the $100,000 level, sparking excitement among traders. However, it has since retracted to $95,622, marking a 2.5% drop in the past 24 hours and a 5.9% decline over the previous week.
This volatility reflects a significant trading volume, suggesting intense market activity. Despite the dip, there remains optimism about Bitcoin reaching $110,000, driven by recent trading dynamics noted during a bullish session around Christmas.
Santiment data highlights these movements, indicating a promising future for Bitcoin despite the current slump.
