Bitcoin Faces Fire Sale: Geopolitical Chaos Fuels Market Bloodbath
Bitcoin''s price tanks as global instability triggers mass liquidations—but savvy hodlers see a buying opportunity.
Why the panic? When rockets fly, markets dive. Traders are dumping risk assets faster than a hot Satoshi wallet, and BTC''s taking the hit. Short-term pain meets long-term gain.
The silver lining? Every crypto winter eventually thaws. Institutional money''s still building positions, and the halving clock keeps ticking. Meanwhile, Wall Street bankers are probably shorting BTC while secretly stacking sats.
Bottom line: Weak hands create discounts for diamond hands. The network''s never been stronger—even when the price looks weaker.
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The RSI is a key tool used to assess whether an asset is overbought or oversold. Values above 70 typically point to overheating, while those under 30 suggest undervaluation. With BTC’s current reading falling and trending lower, bearish sentiment appears to be gaining strength.
Meanwhile, the MACD setup offers a similar picture. Bitcoin’s MACD line has crossed below the signal line, confirming a bearish crossover and reinforcing the expectation of continued price weakness.
Currently, BTC is trading at $105,304, logging its third straight daily loss. Should sellers maintain control, the coin may test key support around $103,061. A break below this level could open the door to further declines, possibly toward $101,610.
Still, if market conditions shift and buying activity returns, Bitcoin could attempt a recovery and move toward resistance near $106,548.
