#WhenWillBTCRebound
Why Bitcoin Is Under Pressure — Is $38,000 Next?
Bitcoin ($BTC) is struggling to hold key support levels as selling pressure increases.
After multiple rejections at resistance, short-term traders are taking profits, pushing prices lower.
Global uncertainty, high interest rate fears, and a strong US dollar are also hurting risk assets like crypto. On top of that, Bitcoin ETF inflows have slowed, reducing institutional support.
On-chain data shows more BTC moving to exchanges — often a sign of potential selling. Technically, BTC is trading below key moving averages, raising the risk of a deeper correction toward the $38,000 support zone.
While short-term volatility remains high, many long-term investors still view major dips as accumulation opportunities.
Stay alert. Manage risk.
