There are several reasons that cause Bitcoin to fall at the price of 111 thousand and although the trigger is not on slaughtering interest rates there may be other influences that make Bitcoin down at that price. Another example may be found in macroeconomic factors that are likely to contribute to the decline in bitcoin. But if asked specifically I cannot explain why the decline occurs because sometimes bitcoin is difficult to predict based on the performance that occurs in the market today.
This is also another part of the process we are discussing, and some traders consider this a momentum for liquidity pickup, so they try to manipulate the market direction, which ultimately affects Riter traders at the stop-loss stage used. This kind of price decline process also often occurs in Bitcoin because Riter traders also have influence. For the long -term process it might not be worried because after the price of getting a severe correction there will always be a recovery momentum to bring Bitcoin to reach ATH in the next cycle.
I would say it was still the rates not being cut. After all, people expected a lot of money to go into bitcoin when the rates get a cut, but it didn't so there wasn't a big amount of money that went into bitcoin, with a lot of disappointed investors who got out. I am not saying that is the only reason, but it is definitely a bit reason.
This is why we are not seeing this change, it is going to be something that is going to be a big deal, and not have that much difference. Of course it's something that we can definitely safely assume it as good, because it's lower now and we can buy bitcoin at a discounted price and can sell for a lot higher in the future. This is the way to go forward and should not be that crazy but give us good profit.