Bitcoin is experiencing a decline, hitting lows around $82,000 as the S&P 500’s fall mirrors its largest drop since mid-2020. The bearish sentiment is compounded by recent unemployment data and potential ongoing economic pressures.
Market analysts expect BTC to continue this downward trajectory due to adverse economic signals, including a ‘death cross’ on the BTC chart, suggesting a bearish trend could persist for up to six months.
Leave a Reply