Bitcoin Drops Below $78K: Three Reasons for a Potential Price Collapse
Bitcoin's bull run has cooled as BTC fell below the 200-day EMA on Monday, dropping to a low of $77,372. Experts warn that this consolidation phase could last for months, with technical indicators suggesting further decline.
Key Factors Behind Bitcoin’s Decline:
1. Macroeconomic Events & Market Sentiment – Economic concerns, Donald Trump's tariff comments, and stock market performance are weighing on BTC.
2. Technical Weakness – BTC broke key support at $85,722, with indicators like MACD and RSI signaling bearish momentum.
3. Institutional Outflows – Bitcoin ETFs, which fueled the 2024 bull run, are now seeing consistent net outflows, indicating reduced institutional interest.
With these bearish signals, Bitcoin's price may face further downside in the coming weeks.
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