BTC is bearish due to economic uncertainty, fear of inflation, and possible interest rate hikes. Trump's policies, such as tariffs on Europe, and liquidations of $205M in long positions add selling pressure.
Additionally, speculation about stricter regulations on cryptocurrencies and the strength of the dollar are affecting confidence. Whales have moved 32,000 BTC to exchanges, increasing supply. Resistance at $103,000 is also hindering bullish momentum.
