$BTC

In this post, I provide a quick analysis of why BTC is below 104 thousand.

Bitcoin is below 104,000 USD for several reasons. First, the tensions between Israel and Iran have generated fear in the markets, leading to rapid sell-offs. Second, the Federal Reserve maintains high rates and will not lower them soon, which drives investors away from riskier assets like BTC. Additionally, the dollar is strong, which makes Bitcoin less attractive. Technically, BTC is in a range and many traders are taking profits. While the small investors are selling, large investors are buying. If it stays above 104,000, it could recover soon. Everything depends on the economic and geopolitical landscape.