Bitcoin Falls Below $111,000 Amid Market Cooldown

In Brief:

BTC is now trading at $110,980.10 with a slight 24-hour dip of 0.36%.

The price drop follows days of upward momentum and increased volatility.

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Bitcoin has dipped below the $111,000 mark, according to the latest data from OKX, with the BTC/USDT pair currently trading at $110,980.10. This reflects a 24-hour decline of 0.36% as of press time.

The slight pullback comes after strong bullish momentum earlier in the week, which pushed Bitcoin to new local highs. While no major liquidation events have been reported so far, analysts suggest the market is entering a short-term consolidation phase.

Despite the dip, investor sentiment remains mostly positive. Bitcoin’s Fear and Greed Index is still in the “greed” zone, suggesting that traders remain confident in the asset’s longer-term trajectory.

Market watchers will be keeping a close eye on the $109,000–$112,000 range, which has acted as a key support zone over the past few days.

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