Selling Pressure on Bitcoin: 50% Drop from Record High

Bitcoin started the week with a 1.8% decline as US-Iran tensions increased uncertainties regarding the Strait of Hormuz. The cryptocurrency fell to $62,743, trading approximately 50% below its all-time high reached in October. The sharp rise in oil prices negatively impacted inflation and interest rate expectations, intensifying selling pressure. Additionally, eight consecutive weeks of outflows from Bitcoin ETFs indicate weakening institutional investor interest. This is not investment advice.

📊 BTC — Piyasa Yorumu

▼ down · 70%

Bitcoin has fallen 50% from its record high, indicating continued selling pressure. Although the RSI is at 29.4, signaling oversold conditions, the MACD line remains below the signal line and in negative territory, pointing to weak short-term momentum. The price is trading below the 20- and 50-day moving averages, confirming the ongoing downtrend. A short-term recovery is unlikely, and selling pressure is expected to persist.

RSI 14

29.4

MACD

-317.10

24h Δ

-1.33%

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