Bitcoin under pressure: bearish charts and bulls losing control

The price of Bitcoin is under pressure, with technical signals of weakness. Optimistic investors (bulls) are losing control of the market amid uncertainty and rumors.

Price under pressure: After a failed rebound, Bitcoin fell close to USD 111,000, and sellers (bears) threaten to test recent lows around USD 108,000. This shows a cooling of bullish momentum.

Bearish technical signals: BTC has lost key supports: for example, the 100-day moving average (~USD 113,500) has become immediate resistance. Additionally, indicators like the RSI are below 50, confirming bearish momentum.

Bulls without strength: The bulls failed to break the resistance of USD 116,000, which hindered the recovery. The recent drop liquidated over USD 1,000 million in long positions, leaving many buyers trapped.

Rumors and uncertainty: Rumors are circulating about a "big political announcement" in the U.S. regarding Bitcoin, fueling uncertainty. There are also suspicions of insider trading: a "whale" (large investor) opened massive shorts before a surprising tweet from Donald Trump that shook the market.

In summary, the short-term outlook for Bitcoin is weak. If the price does not recover soon to key levels, it could continue to fall towards lower supports. The combination of technical weakness and rumors generates caution, while the market awaits some positive catalyst to restore confidence.

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