$BTC Bitcoin has fallen from its October peak (~US$126,000) down to below US$90,000 in recent sessions.
The broader crypto market lost over US$1 trillion in value in about 6 weeks.
A major technical bearish signal — the so-called “death cross” (50-day EMA crossing below 200-day EMA) — has been flagged as accelerating the decline.
There are also significant outflows from Bitcoin exchange-traded funds (ETFs), indicating institutional/large-holder weak hands.
---
🔍 Key Drivers & Headwinds
Drivers of weakness
Technicals: The death cross signal suggests momentum is shifting bearish.
Macro environment: Fading expectations for US interest-rate cuts reduce the appeal of risk assets including crypto.
ETF/large investor outflows: Big redemptions weaken demand and raise psychological pressure.
Sentiment: With steep declines, fear is dominant; rebound chances get harder when sentiment is bad.
Possible tailwinds
Some analysts (e.g., from JPMorgan Chase & Co.) argue that after heavy deleveraging, Bitcoin could have “significant upside” because it looks relatively cheap compared with gold on a volatility-adjusted basis.
The structural supply side remains constrained (Bitcoin has fixed supply ≈ 21 million coins) which under certain demand scenarios can be bullish.
---
📊 Technical Levels & Forecasts
Support & Resistance
Resistance zone: ~US$92,000-$94,000 has already been broken and now may act as resistance.
Support zone: Analysts suggest the next key support could be around US$74,000-$76,000 if the weakness continues.
Some models suggest if the trend turns, a rebound could target US$110,000-US$118,000 by end of 2025. #BTC90kBreakingPoint #USStocksForecast2026 #StrategyBTCPurchase #MarketPullback #TrumpTariffs
