Bitcoin Logs Longest Losing Streak Since 2024 as Fed Repricing Fuels Cautious Rebound

💡 DMK Insight

Bitcoin’s current weekly slump is a red flag for traders: it’s on pace for its worst quarter since 2018. This decline isn’t just a blip; it signals a potential bull trap that could catch many off guard. With sentiment shifting and volatility increasing, traders need to be cautious. If Bitcoin can’t reclaim key support levels soon, we might see further sell-offs. Watch for the $25,000 mark—if it breaks below that, expect panic selling. On the flip side, if it manages to bounce back, that could present a buying opportunity, but only if confirmed by volume. Keep an eye on correlated assets like Ethereum, as they often follow Bitcoin’s lead. The next few weeks will be crucial for positioning ahead of potential market shifts.