Macro & Geopolitical Shock 🧩
Recent inflation data came in lower than expected,$BTC which reduced chances of a Fed interest rate cut. That made investors less willing to take risks, so crypto demand dropped.
At the same time, rising tensions in the Middle East made investors run toward safer assets like gold and stable currencies, adding selling pressure to Bitcoin and other cryptocurrencies.
2. Technical Factors & Profit-Taking 📈
Bitcoin touched a key resistance zone near $110K–$111K (close to its upper Bollinger Band), which triggered a wave of short-term selling.
Indicators like RSI and StochRSI showed that BTC was overbought. So, many traders took profits, which led to a pullback in price.
3. Liquidation Cascade 💥
In just 24 hours, over $730 million in leveraged trades were liquidated—around 73% of them were long positions.
This wave of liquidations caused even more downward pressure, pushing prices lower quickly.
🔍 Market Outlook & What to Watch
Short-Term: Bitcoin could find support between $100K–$102K. But if that support breaks, the price might fall to $95K–$98K.
Mid-Term: If $100K holds and global conditions improve, Bitcoin might bounce back and retest $110K–$112K.
Volatility Alert: Expect sharp price moves. Next week’s CPI report and ongoing geopolitical news could strongly impact Bitcoin’s direction.
✅ Final Thoughts
Bitcoin’s drop to around $102K happened because of global uncertainty, technical resistance, and a wave of liquidations. This may just be a healthy correction. If support at $100K stays strong and global tensions ease, Bitcoin could start climbing again.
💬 What Do You Think?
Will BTC bounce back to $110K when inflation and global tensions calm down? 🚀
Or do you think it might dip further toward $95K? 📉
Drop your opinion below 👇👇
