Bitcoin falls under the support of $ 104,000-retailers look at critical brands at $ 103,000 and $ 100,000 amid fed signals and measures against ATMs

Bitcoin falls under the support of $ 104,000-retailers look at critical brands at $ 103,000 and $ 100,000 amid fed signals and measures against ATMs
Bitcoin falls under the support of $ 104,000: Traders look at the levels of $ 103,000 and $ 100,000
The Bitcoin course recently undercut the important support line of $ 104,000, which led to an increase in commercial activities. The trading volume was an impressive $ 46 billion. This development ensures increased attention among the traders, which now pay particular attention to the next important brands of $ 103,000 and $ 100,000
A number of factors currently influence market movements. Among other things, signals from the Federal Reserve send unsettling impulses to the markets. The traders react sensitively to these developments, which is reflected in the volatility of the Bitcoin course. In addition, an increasing focus has recently focused on the regulatory framework for cryptocurrencies, in particular the restrictions on Bitcoin money machines that have been introduced in different regions. These regulatory measures could also influence the trade behavior and the price development of cryptocurrencies. With the current market situation, many investors face the question of whether the support will withstand $ 103,000 or whether a further decline in the direction of the psychologically important mark of $ 100,000 threatens. The coming days will be crucial for traders to carefully observe the price development of Bitcoin and to develop corresponding trade strategies.