Bitcoin (BTC) surprised investors with an unexpected decline despite the positive developments last week. The price depreciated by 4 %by going below $ 84,000. Despite the intensive purchase of whales, market movements show that the expected rise did not occur. Various factors about why Bitcoin fell on is on the agenda.
Why is Bitcoin falling?
Bitcoin’s depreciation of 3.37 %in the last week created anxiety among investors. In particular, the daily transaction volume decreases by 53 %, indicating that the market is weakened. Although whales collect 22,000 BTCs in the last three days, there has been a decline instead of price increase.
The strategic BTC reserve decree signed in the United States and the crypto summit in the White House created a great expectation in the market. However, when the investors could not see concrete steps, the price of Bitcoin faced the risk of going below 80,000 dollars.
Market expectations and macroeconomic effects
Macroeconomic factors were also effective behind the decline in Bitcoin. The US’s new customs tariffs and non -Agricultural Employment (NFP) data showed that the market is preparing for strict monetary policies. This caused investors to emerge from risky assets.
In addition, the fact that the strategic Bitcoin reserve and the crypto Summit did not offer concrete steps led to the inability to meet expectations. This decrease in BTC also affected the Altcoin market and lost 3.24 %, 6.38 %and 4.78 %, respectively, ETH, XRP and BNB. If the sales pressure continues, there may be a harsh decreases for Bitcoin!
Critical Days for Bitcoin! Can the price fall below 80 thousand dollars?
Bitcoin investors should follow the price movements carefully in the coming days. If the sales pressure continues to increase, the BTC may decrease below $ 80,000 and a larger wave of decrease in the market can be triggered. However, if the purchases of whales continue and the market is supported by positive developments, the BTC may have the chance to go over $ 84,000 again. If Bitcoin loses $ 80,000 support, it may drop to $ 77,000 in the short term.
If the purchase interest of investors does not increase, more sales pressure may be seen throughout the market. However, positive macroeconomic developments and powerful whale purchases can enable BTC to re -turn to $ 85,000. The next few days will be decisive in terms of the short -term aspect of Bitcoin!
