Bitcoin (BTC) might be experiencing a bearish trend, because:
1. Global Economic Uncertainty: Economic downturns, inflation, and interest rate hikes can lead to reduced investment in risky assets like Bitcoin.
2. Regulatory Scrutiny: Increased government regulations and crackdowns on cryptocurrency exchanges and wallets can negatively impact Bitcoin's price.
3. Market Sentiment: Negative market sentiment, fear, and panic selling can drive prices down.
Please note that these factors are not exhaustive and do not constitute investment advice. Always conduct thorough research and consider multiple perspectives before making investment decisions.
