Bitcoin is getting slapped around again, dropping 2% in the last 24 hours to around $82,663. It briefly hit $84,567 before tumbling to $81,617, proving once again that this market is a ruthless battlefield.
Here’s why Bitcoin is bleeding:
• Weak Market Sentiment – Traders are clueless, with no strong buy or sell pressure, just hesitation and fear.
• Bearish Technicals – Bitcoin is stuck in a downward trend, meaning buyers are either asleep or scared.
• Options Expiry Chaos – A $12.1 billion Bitcoin options expiry just threw gasoline on the volatility fire.
Despite this mess, the so-called “experts” are still throwing out wild predictions, claiming Bitcoin could skyrocket to $150K-$185K by the end of the year. But for now, it’s just another day of Bitcoin getting punched in the face.