🚨 $BTC UNDER HEAVY PRESSURE
Bitcoin is struggling to hold key support levels. One investment firm has even warned of a potential drop toward $38,000, reigniting fear across the crypto market. So what’s really driving this move?
Here’s the breakdown:
🔻 Repeated Rejections at Major Resistance
BTC keeps getting rejected at key levels. Every failed breakout triggers short-term profit-taking and adds more selling pressure.
🌍 Macro Uncertainty Still Dominates
Inflation concerns, rate uncertainty, and a strong US dollar continue to weigh on risk assets. Crypto is feeling the heat.
🏦 ETF & Institutional Flows Are Cooling
ETF-driven optimism is fading. As institutional buying slows, Bitcoin loses a major layer of price support.
📊 On-chain Signals Turning Bearish
More BTC is moving to exchanges — a classic sign of potential selling. Network activity growth is also slowing.
📉 Technical Downside Risk
BTC is trading below key moving averages. If current support breaks, analysts see $38K as the next major downside target — a strong historical level, but likely reached with volatility and fear.
What’s next?
Short term: volatile and painful.
Long term: many smart money players see deep pullbacks as accumulation zones, not the end of the cycle. $SEI
⚠️ The market is cleansing leverage.
Discipline survives. Emotion gets punished.
Stay sharp. Manage risk.
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