Bitcoin continues to decline due to several factors currently affecting the market:
- **Selling pressure from investors**: Many investors prefer to take profits after significant increases, leading to waves of selling that negatively impact the price.
- **Actions of the US Federal Reserve**: Uncertainty in monetary policy and interest rate forecasts create volatility and uncertainty among investors.
- **Changes in risk appetite**: Investors are turning towards more stable assets, reducing trading volume in cryptocurrencies.
- **Technical factors**: Support and resistance levels play a significant role in price movement, as breaking a major support level can lead to further declines.
If you are interested in specific aspects of Bitcoin movements, I can analyze them in more depth!
