Bearish Outlook: Bitcoin Price May Drop After New ATH.
Bitcoin set a new all-time high of $111,903 on Coinbase on May 21. This breakout attracted $607.1 million in spot Bitcoin ETF inflows in the United States.
Despite these encouraging figures, analysts warn of a potential price correction. Four key factors might lead Bitcoin’s price to retreat to $100,000. Market volatility paired with economic uncertainties could influence investor behavior.
Traders remain vigilant as they anticipate potential strategies to navigate the market landscape following this all-time high.