Bitcoin Is Showing Signs of Weakness — But Why?
📉 BTC/USD: $73,731
Bitcoin has fallen below both major moving averages.
Following its previous peak above $120,000, Bitcoin has experienced a substantial correction, with recent rallies struggling to establish a sustained bullish trend.
The macroeconomic backdrop adds another challenge:
🔹 Rising Treasury yields increase competition from interest-bearing assets.
🔹 A stronger US dollar can pressure global risk appetite.
🔹 Expectations of tighter Fed policy can reduce demand for speculative assets.
However, these relationships are not constant, and the CPI release alone cannot explain Bitcoin's entire decline.
#BTC #BitcoinAnalysis #TechnicalAnalysiss
📉 BTC/USD: $73,731
Bitcoin has fallen below both major moving averages.
Following its previous peak above $120,000, Bitcoin has experienced a substantial correction, with recent rallies struggling to establish a sustained bullish trend.
The macroeconomic backdrop adds another challenge:
🔹 Rising Treasury yields increase competition from interest-bearing assets.
🔹 A stronger US dollar can pressure global risk appetite.
🔹 Expectations of tighter Fed policy can reduce demand for speculative assets.
However, these relationships are not constant, and the CPI release alone cannot explain Bitcoin's entire decline.
#BTC #BitcoinAnalysis #TechnicalAnalysiss