Bitcoin Price Remains at Risk Despite Recent Moves, Indicators Turn Bearish
Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses.
Bitcoin’s price has fallen more than 22% from its all-time high of over $109,000, recorded on January 20, the day of US President Donald Trump’s inauguration. The sharp decline has sparked concerns among investors, with several key technical indicators signaling bearish momentum.The downturn comes as new liquidity inflows slow, which has prompted speculation that the latest bull cycle may be coming to an end.
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