Bitcoin’s Pullback to $107,000 Doesn’t Dampen Bullish Prospects: NYDIG Perspective and Market Indicators
Main Points: 1. Recent Price Pullback Bitcoin experienced a near-2% decline late on May 28, dropping to approximately $107,000 before a modest rebound. According to closing data, the cryptocurrency traded as low as $107,535 and closed near $107,879—levels not seen since the mid-May correction that followed its all-time high above $112,000. This pullback was marked by heavier-than-usual selling pressure during U.S. trading hours, reflecting profit-taking by short-term holders and algorithmic