Why Is Bitcoin Dropping? What’s Next?
Bitcoin’s price has fallen fast, dropping 14% in just three days—from $106,610 to $92,605. Here’s why:
1️⃣ Mt. Gox Payout: A big $100M Bitcoin transfer is causing selling pressure. More payouts might drop the price further.
2️⃣ Fed Comments: U.S. Fed Chair Jerome Powell said he’s against Bitcoin, worrying investors.
3️⃣ Price Support Broke: Bitcoin fell below an important price level. If it doesn’t stay above $92,800, it might drop to $85,600.
Do you think Bitcoin will bounce back or fall more?
#CorePCESignalsShift #BTCNextMove #MarketCorrectionBuyOrHODL?