Why Is The Bitcoin Price Falling Today? 📉

Bitcoin's price has unexpectedly dipped below $84,000, leaving investors puzzled despite recent bullish developments. Analysts had projected a positive price trajectory following the signing of the Strategic Bitcoin Reserve. However, current price action shows a decline, attributed to lacklustre on-chain indicators.

The sharp downturn comes as a surprise, given the positive sentiment that surrounded Bitcoin in the past week. The inability to sustain upward momentum has raised concerns among market participants, prompting a reevaluation of near-term price predictions and market strategies.