Bitcoin Price Shows Slight Weekly Decline and Volatility

I observe that Bitcoin (BTC) is currently priced at $113,984.3 with a slight decrease of 0.53%. In Turkish Lira, the price is approximately 4,638,501 TL, down by 0.54%. Over the past week, Bitcoin has experienced a decline of 3.55%, with the highest price reaching 4,674,164 TL and the lowest dropping to 4,590,286 TL. The weekly trading volume stands at about 5.93 million TL. This downward trend over the week suggests a bearish market sentiment for Bitcoin, possibly influenced by recent macroeconomic factors or market corrections. The narrow range between the weekly high and low indicates some volatility but also a lack of strong bullish momentum at this time. The trading volume, while steady, does not imply a major shift or surge in market activity. Considering these aspects, it seems Bitcoin is in a short-term consolidation or correction phase. Investors should pay close attention to key support levels around the weekly low and watch for any breakouts that could signal trend reversals. External economic conditions or emerging news could further influence Bitcoin's short-term direction.