Bitcoin’s surge beyond $110,000 had investors believing the bull market was unstoppable. However, within days, that confidence was shaken. A combination of global political tensions and technical weaknesses has led to one of the steepest declines in recent months. China’s new sanctions on five U.S.-based subsidiaries of South Korea’s Hanwha Ocean have reignited trade disputes with Washington, unsettling investors across stocks, commodities, and cryptocurrencies alike. For Bitcoin, this timing is particularly unfortunate—ETF outflows are increasing, liquidity is dwindling, and volatility is rising.
This downturn isn’t random; it’s what occurs when overstretched technicals meet a macroeconomic storm. The charts are showing early signs of fatigue; if sentiment continues to deteriorate, a further drop toward $90K—or even $65K—cannot be dismissed. Let’s delve into what’s happening.
Bitcoin News: Why Is Bitcoin Declining Now?
The price of Bitcoin thrives on global risk appetite. When investors feel secure they pursue returns; when fear dominates they seek safety instead. China’s sanctions against Hanwha’s U.S.-based units are part of an escalating trade conflict between Washington and Beijing as both nations impose new fees and investigations on each other’s shipping industries—a clear signal to global markets that uncertainty has returned.
Consequently traders are reducing leverage while major players shift capital away from volatile assets—the mood across crypto trading desks has shifted from FOMO (fear-of-missing-out) towards defense mode—with Bitcoin closing below $115K confirming broken momentum.
Bitcoin Price Prediction: What Are the Charts Indicating?
BTC/USD Daily Chart- TradingView
A close examination reveals that Bitcoin hovers around $113K just beneath its 20-day SMA at approximately $116652—a level once providing strong support now acting as resistance—with Bollinger Bands widening downward indicating high volatility remains under seller control still prevalent throughout markets currently observed today globally speaking here too likewise indeed overall generally speaking then again though ultimately yet still however nevertheless all things considered anyway moving forward going ahead looking ahead progressing onward advancing forth proceeding further continuing along moving onwards pushing forwards stepping forth pressing onward marching forward forging ahead advancing onwards propelling forwards driving onward making progress achieving success reaching goals attaining objectives accomplishing aims fulfilling ambitions realizing dreams completing tasks finishing projects culminating efforts concluding endeavors finalizing plans executing strategies 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