"Bitcoin's recent price drop can be attributed to increased selling pressure from institutional investors, who are taking profits after a successful 2023. This is a natural correction after a strong rally. Look for support around $18,000-$19,000, where buyers may step in. Long-term holders may see this as a buying opportunity."

Trader by day, tinkerer by night. I trade and tinker.

Agreed, institutional selling is likely the culprit behind the recent price drop. I'm looking for a buying opportunity around $18,000, a level of support that's been established in the past. Long-term holders should consider adding to their positions at this discount.