Bitcoin Price Today, July 16: BTC Falls 2.8% To Trade Near $116,500, Experts See Consolidation

Bitcoin Price Today, July 16: BTC Falls 2.8% To Trade Near $116,500, Experts See Consolidation

Bitcoin's sharp over $6,000 decline is a textbook case of healthy profit-taking after an extended rally that pushed prices past $123,000, says an expert.