Decline in Bitcoin price$BTC may be triggered by several main factors below:
- Selling pressure from large companies (Strategy) that suddenly puts pressure on the market.
- The market responds to concerns about global inflation driven by geopolitical tensions (such as the US-Iran stalemate issue), causing investors to be more likely to avoid risky assets.
- ETF outflows (Outflows) and weakening demand
- Weak trading volume.
Technically, in the chart below, the 60,000-63,000 level becomes an important psychological support area for market participants to monitor whether the price will bounce back or continue the correction.
- Selling pressure from large companies (Strategy) that suddenly puts pressure on the market.
- The market responds to concerns about global inflation driven by geopolitical tensions (such as the US-Iran stalemate issue), causing investors to be more likely to avoid risky assets.
- ETF outflows (Outflows) and weakening demand
- Weak trading volume.
Technically, in the chart below, the 60,000-63,000 level becomes an important psychological support area for market participants to monitor whether the price will bounce back or continue the correction.
