🚨 Bitcoin’s Falling—What’s Going On? 🚨
Bitcoin has been on a rough ride lately, dropping below $65,000 📉. If you’re wondering what’s causing the dip and what’s next, here’s a quick breakdown! 👇
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💰 Why Is Bitcoin Struggling?
🏦 High U.S. interest rates (5.25%–5.5%) are making traditional investments more attractive, pulling money away from Bitcoin. On top of that, geopolitical tensions—like the assassination of Hamas leader Ismail Haniyeh—are shaking up the markets. 🌍
💸 A stronger U.S. dollar (thanks to Switzerland’s surprise rate cuts) is adding pressure, pushing BTC even lower.
⚠️ And here’s the big one—Bitcoin is approaching a “death cross” (when the 50-day moving average dips below the 200-day), a classic bearish signal that could mean more downside ahead. 😬
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🔮 What’s Next?
The good news? Bitcoin has always bounced back. 🚀 If interest rates drop later this year and crypto adoption keeps growing, BTC could recover in 2025.
What do you think? More dips or a big comeback? Drop your thoughts below! 👇🔥