COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

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Bitcoin (BTC) $0.00006 experienced a notable drop from nearly $95,000 to around $80,000 last week, marking one of its most significant declines in a year. The release of economic data in the U.S. triggered fears of inflation and an increase in unemployment, leading to a risk-averse sentiment in the cryptocurrency market. While President Trump’s remarks about considering Bitcoin as a strategic reserve momentarily boosted optimism, it was unable to counteract broader macroeconomic concerns. Analysts suggest that technical indicators signal further declines, with Bitcoin potentially testing the $80,454 level.

Economic Uncertainty in the U.S. Shakes Bitcoin

Recent economic data from the U.S. indicates persistent inflationary pressures. Rising prices for essential consumer goods and increases in tariff rates have pushed investors away from riskier assets. Uncertainty surrounding the Federal Reserve’s interest rate policies also compels market participants to adopt a cautious approach.

Furthermore, institutional investors have reduced their exposure to the cryptocurrency market due to rising bond yields, decreasing Bitcoin’s liquidity. The inability to break through critical resistance levels in the charts has intensified selling pressure. The negative trend in the 12-hour MACD indicator also suggests that a downward trend could persist in the short term.

Miners’ Accumulation Strategy

Conversely, Bitcoin miners have drawn attention by accumulating reserves of 1.8 million BTC over the last two weeks, despite the price drop. This accumulation is valued at approximately $820 million. The miners’ long-term positioning strategy helps balance the selling volume in the market while contributing to the maintenance of support levels.

Bitcoin Price Chart

Technical analysis indicates that if Bitcoin cannot breach the $87,678 resistance, it may drop to the $80,000 level. In addition to miners’ accumulations, the interest from buyers below the $82,000 level strengthens the expectation that the decline may be limited. However, market observers caution that macroeconomic data and mining activity will largely determine Bitcoin’s short-term trajectory, warning that a deeper decline remains a possibility.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.



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