Bitcoin has been having a bit of a rough day. As of now, it’s trading around $106,000, down about 2–3% in the last 24 hours. Just a few weeks ago it was sitting comfortably above $110,000, so this small dip has definitely caught some attention.
The drop isn’t dramatic, but it’s part of a wider pattern of caution across financial markets. With the U.S. Federal Reserve hinting that interest rates might stay higher for longer, investors have been pulling back from riskier assets — and Bitcoin is often one of the first to feel it.
Another factor is simple market behavior: Bitcoin has been hitting resistance around the $110K–$115K range. Every time it climbs close to that level, big holders (often called “whales”) seem to take profits, which adds selling pressure and pulls the price back down.
Still, this doesn’t mean Bitcoin’s bull run is over. It’s more like a pause for breath. Analysts are watching closely to see if it can hold above the $98K support level — that’s the line many traders believe could make or break the short-term trend.
On the positive side, some institutions are still buying the dip, which suggests confidence in Bitcoin’s long-term potential remains strong.
In short, Bitcoin isn’t crashing — it’s cooling off after a strong run, as global markets adjust to tighter economic conditions. The next few weeks will show whether this is just a healthy correction or the start of a deeper pullback.