*Bitcoin ($BTC

) Faces Renewed Bearish Pressure Amid Market Uncertainty*

Bitcoin is currently experiencing renewed bearish pressure, trading below the key support level of $65,000. Several macroeconomic factors are contributing to this risk-off sentiment, including:

- Rising Treasury yields

- Sticky inflation

- Regulatory ambiguity

*Market Sentiment*

- Whales have slowed down their accumulation of Bitcoin

- Short-term holders are increasing their sell-offs

*Technical Indicators*

- RSI (Relative Strength Index) is trending lower

- The 50-day Moving Average (MA) is at risk of breaking down

*Potential Price Movement*

Analysts warn that if the bearish sentiment persists, Bitcoin's price could potentially drop toward the $60,000-$62,000 range.

*Long-term Fundamentals*

While the short-term outlook is cautious, the long-term fundamentals of Bitcoin remain intact. Investors are bracing for more volatility in the crypto market, and it's essential to stay informed about market developments.

*What's Next?*

The cryptocurrency market is known for its volatility, and Bitcoin's price movement will likely continue to be influenced by macroeconomic factors and market sentiment. Stay tuned for further updates and analysis.