Bitcoin (BTC) recovers slightly, trading above $96,000 on Wednesday, after its recent dip on Tuesday due to the political strife in South Korea.
Bitcoin price today: $96,600 Bitcoin price recovers slightly, trading above $96,000 on Wednesday after its recent dip following news of South Korea’s martial law on Tuesday. On-chain data shows that institutional investors bought during the recent price dips. Traders should be cautious about recent US government BTC transfers as these could provide a potential sell signal.
Historically, increased retail participation has often signaled a potential local top, like on May 19, 2020, when demand reached the highest BTC price, corrected from $9,679 to $8,832 in a week. However, it also highlights growing market engagement, which can create sustained positive momentum when combined with institutional interest. Bitcoin Retail Investor chart. Source: CryptoQuant Bitcoin Price Forecast: BTC recovers trading above $96,00. Bitcoin price began the week with a 1.
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