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.
Bitcoin price is rising and now trading above $70,000 resistance zone. BTC could continue to rise toward the $73,000 and $75,000 levels in the near term.