Bitcoin's price experiences a significant drop of 3%, with its value falling below $67,000. This decline is attributed to selling pressure from the US market.
The decreased price might present a "flash sale" opportunity for potential buyers aiming to invest in Bitcoin at a reduced rate. However, the current market sentiment is laced with caution as traders highlight that the retracement period might continue.
The uncertainty in the market suggests that the dip could be indicative of broader trends, with price targets being adjusted to sub-$65K levels, reflecting the mood amongst investors and analysts.
