Bitcoin's price has decreased by 1.4% to $102,460 amid growing concerns about the US economy and increased sell-side activity, as evidenced by a 94% rise in daily trading volume to $66.6 billion. A recent credit downgrade by Moody’s from Aaa to Aa1 has intensified macroeconomic uncertainty, while a class-action lawsuit against Strategy, a significant Bitcoin holder, raises fears about its financial stability. Over $87 million in long Bitcoin positions have been liquidated, illustrating strong bearish pressure. This drop is complemented by a divergence between rising Bitcoin prices and a declining Relative Strength Index (RSI), indicating potential weakening of the uptrend. Analysts are cautious, predicting a possible correction to the $100,000 mark, depending on whether Bitcoin can surpass resistance levels between $104,600 and $109,000. The market remains vigilant as traders react to evolving economic signals and developments in the crypto space.

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