📉 Bitcoin's Bear Market Blues: Is the Worst Over or Just Beginning?

🚨 The Great Crypto Crash

Bitcoin  has crashed from its October all-time high of $126,198 to around $86,313 —a brutal 31.6% drop that wiped nearly $800 billion from its market value. This marks Bitcoin's worst monthly performance since the 2022 Crypto Winter.​

📊 Technical Signals

The charts tell a grim story. Bitcoin has broken below both its 50-day and 200-day moving averages, with the 14-day RSI at 32—deep in oversold territory. But oversold doesn't guarantee a bottom. Analysts warn Bitcoin could fall to $70,000 if macroeconomic conditions worsen.​

Options markets show reduced demand for downside protection, suggesting some traders believe the worst may be over. Still, caution prevails.​

💡 What Triggered This?

Five key factors drove the selloff:​

🔴 $19B Liquidation Event: October 10's forced liquidations—the largest in crypto history—crushed overleveraged traders​

🔴 Risk-Off Sentiment: AI stock volatility and recession fears triggered broad selloffs​

🔴 Fed Hawkishness: No December rate cut expected​

🔴 ETF Outflows: $5 billion exited Bitcoin ETFs since October​

🔴 Profit-Taking: Long-term holders cashing out gains​

🎯 December Watchlist

📌 $82K Support: The critical line—breaking it opens the door to $70K​

📌 Fed Meeting: Dovish surprises could spark a rally​

📌 ETF Flows: Institutional money drives this market now​

📌 100-Week MA: Losing this signals a prolonged bear market​

🤔 Bottom or Beginning?

"Either catch the falling knife or watch it hit the floor—your call."

#BTCRebound90kNext? #cryptooinsigts #BTC70K✈️ #InvestorFocused