Why is the $BTC Price Dropping?

Bitcoin’s recent price action has raised concerns, as the cryptocurrency recorded another bearish weekend ahead of Christmas. Previously, this period provided a bullish boost, but now the bulls are struggling to push BTC back toward the $100 k mark.

Key Points to Understand 👇

💎After a breakout to an all-time high (ATH) of $108K, BTC faced significant pullback, with buying volume remaining weak.

💎The rally has broken down, signaling potential bearish sentiment. The MACD shows continuous selling pressure, suggesting a drop to $92,000, with a potential rebound or further decline.

💎BTC's price is testing key support levels. A failure to hold near $92,000 could push the price toward the $88,900-$89,700 range, possibly indicating the start of a bear market.

The future of Bitcoin remains uncertain as it struggles with upward momentum. However, with 2025 predicted to be a bull run year, Bitcoin could rise above $150K, but only time will tell if the current market correction is temporary or the start of a new trend 🔥💎

What’s next for BTC?