Bitcoin Price Plunge: What’s Next for BTC After Falling Below $115,000?

Key Points

1. Bitcoin's price recently dropped below $115,000, trading at $114,974.81 on Binance USDT market.

2. Macroeconomic factors like inflation and central bank policies significantly impact Bitcoin's price.

3. Regulatory developments and market sentiment (positive or negative news) can trigger price rallies or sell-offs.

4. Technical analysis and on-chain metrics are used to assess Bitcoin's network health and potential price trends.

5. The current price drop may be seen as a buying opportunity ('buying the dip') but requires understanding of risk tolerance.