"Early adopters of #Bitcoin — whether countries or corporations — stand to gain the most from its rise. Waiting too long might mean buying in at a much higher price."
US-China Trade Tensions: Ongoing geopolitical and trade tensions between the US and China are creating uncertainty in global markets, including crypto.
Death Cross Signal: Bitcoin's 50-day moving average may cross below the 200-day moving average — a bearish technical indicator signaling a potential for more downside.
Possible Support Levels (How low BTC might go):
$74,000: Immediate support; BTC might stabilize here.
$65,000 and $57,000: Deeper support levels based on past price action. If the downtrend continues, BTC might test these levels.
Outlook: Some analysts believe Bitcoin still has long-term bullish potential, especially if macroeconomic conditions improve or if we see increased institutional interest.