📉 The situation with Bitcoin now: a brief overview
Bitcoin sharply corrected in November after reaching a maximum of $126,000 in October. The price has already fallen below $90,000, indicating a deterioration in market sentiment.
🔑 Why is BTC falling?
• Sales by major holders — over the month, long-term holders sold about 815,000 BTC.
• Macroeconomics — the market fears that the Fed will not lower rates, and the stock markets have also declined.
• Profit-taking after strong annual growth.
📊 What is positive about this?
• The activity of “whales” is increasing — the number of large addresses is growing.
• The spot trading volume on Binance remains high, indicating real demand.
🔮 What’s next?
If Bitcoin holds the support zone around $90,000, a rebound is possible by the end of the year. However, volatility will remain high due to uncertainty in global markets.
