Here's Why Bitcoin (BTC) Is Dropping: Top Binance Trader Explains

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Here's Why Bitcoin (BTC) Is Dropping: Top Binance Trader Explains
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Bitcoin's price drop raises a lot of questions, and top-tier Binance trader is ready to answer them

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

As more people buy these meme coins on leverage , it means less activity on the main Bitcoin market. Without strong buying interest to keep pushing the price up, Bitcoin starts to lose its momentum, and that can lead to a drop in price.Right now, Bitcoin is facing a tough time. The chart shows it is below where lots of traders were trading it recently, which means there is less confidence that it will go back up soon.

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