$BTC

Several factors that may cause the price of Bitcoin to decline today, despite previous bullish predictions:

* Profit-Taking: After reaching record highs (for example, around $123,000 as mentioned earlier), many investors may decide to sell some or all of their holdings to lock in profits. This mass sell-off can drive the price down. Data showing a surge in net Bitcoin inflows on exchanges indicates this profit-taking.

* Technical Correction: In any strong upward trend, corrections are a natural part of the market cycle. Technical analysis often shows support and resistance levels. If the price fails to stay above important support levels, for instance, $100,000 as mentioned in several analyses, it can trigger further selling. A tightening descending wedge also indicates downward pressure.

* Macroeconomic Factors: Despite optimism about crypto regulation in the US, other global macroeconomic factors can influence the market. For example, the release of CPI (Consumer Price Index) data on July 15, 2025, could trigger inflation concerns or changes in monetary policy, which in turn could affect investor risk appetite and pressure risk assets like crypto.

* Short-Term Market Sentiment: The crypto market is highly driven by sentiment. Negative news, rumors, or sudden changes in investor outlook can lead to panic selling, even if long-term fundamentals remain strong.

* Shift in Dominance to Altcoins (Altseason): There are indications that investor liquidity is starting to shift to altcoins (alternative coins), which could lead to a slight decrease in Bitcoin's dominance. If funds flow out of Bitcoin into altcoins, the price of Bitcoin could temporarily decline.

Although long-term projections by many analysts remain optimistic for Bitcoin, daily/weekly price movements can be very volatile. Today's price decline is part of normal market dynamics and does not mean the long-term bullish trend has ended.