Why is Bitcoin ($BTC) Dropping? Here's What's Really Happening...

there's a strong resistance zone between $69K and $70K, and as expected, the #BearishZone holders aren't letting go easily. That’s exactly why we’re seeing a pullback from around $69.6K.

📉 Key Reasons Behind the Dip:
✔️ Bears held the line: Bitcoin faced strong selling pressure around the $70K mark. Sellers dominated at $69.5K on Monday, pushing the price down to around $66.5K by Tuesday morning.

✔️ Stablecoin activity is flat: Since late September, stablecoin volume hasn’t grown much — which is a big deal. Stablecoins are often seen as "dry powder" or liquidity used to buy crypto quickly. Without increased volume, market momentum weakens.

✔️ Last momentum spike: The last strong bullish momentum was seen from August to September, which pushed the market off its bottom. But now, we’re in a consolidation-correction phase.

🔍 What’s Next?
📊 According to technical analysis, we’re currently in a strategic zone of bulls vs bears. If Bitcoin drops further, expect support around $65.6K to $64.3K.

From that range, there are chances for a strong bounce-back — possibly setting the stage for a breakout above $70K, if sentiment turns bullish again.

🧠 Remember: Always DYOR (Do Your Own Research), and never forget to trade with a Stop Loss. The market is emotional — don't let it play with yours.

#StopLossStrategies #BTCvsMarkets #DiversifyYourAssets #PowellRemarks #ScrollOnBinance