Bitcoin's price has experienced a noticeable decline, falling 1.70% in the last 24 hours. After peaking at $66,450, Bitcoin's value settled at $64,140 without establishing support at higher levels. This drop occurred despite the Fear and Greed Index registering at 61.
Several factors are contributing to this price fall. One significant aspect is the exhaustion among buyers. The MACD (Moving Average Convergence Divergence) indicator also supports this view, signaling potential further downward trends.
