Bitcoin Price Dips 1% to $101,950 as Profit-Taking Slows the $108K Rally Attempt

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Bitcoin currently stands at an important impasse. The cryptocurrency is trading around $101,950, holding above key support but struggling to regain upward strength. Market forces are evenly balanced between bullish institutional activity and cautious retail participation.

Volatility is rising again after a period of calm, meaning sharper price movements are likely in the weeks ahead. If Bitcoin price holds above  $100,000 and reclaims $108,000, it could set the stage for a renewed bull run. If not, the market may enter a consolidation phase or a deeper correction.

Bitcoin’s long-term fundamentals have stayed strong, supported by limited supply, increasing institutional adoption, and ongoing integration into existing financial systems. However, in the short term, traders should expect high volatility and be prepared for both upward and downward swings as the year closes.