Bitcoin bearish sentiment is rising as BTC drops below $89K, extending recent losses. Analysts warn that mounting selling pressure could test key support levels and unsettle leveraged traders.
Bitcoin’s 16.7K BTC inflow to exchanges sparks renewed sell-off fears as traders brace for heightened volatility, raising questions over mounting profit-taking and the strength of current support levels.
XRP is approaching a potential topping pattern, raising concerns of an impending downtrend. Technical analysis highlights $1.07 as a critical support level for traders, who remain vigilant as market dynamics continue to evolve.
Bitcoin is experiencing its strongest bearish sentiment in a month, driven by escalating regulatory fears. Market metrics indicate a sharp decline in investor confidence, as scrutiny over cryptocurrency regulations intensifies globally.