Bitcoin (BTC) is under severe selling pressure, having lost the $85,000 level just a few days ago. This breakdown has pushed the market to its lowest levels since November 2024, increasing fear and uncertainty among investors. The entire crypto market has been struggling, weighed down by negative macroeconomic conditions and an overall shift in risk-off sentiment. Related Reading: Charts Reveal Cardano Holds Key Support Zone – Staying Above Could ‘Set The Next Move’ U.S. President Trump’s policies have added to the volatility and instability, as rising global trade war fears and erratic economic decisions continue to rattle investors. The U.S. stock market has dropped to its lowest point since September 2024, further fueling concerns that broader financial markets are weakening, dragging Bitcoin and other cryptocurrencies down with them. According to Glassnode data, the Mayer Multiplier suggests that the next key support level for Bitcoin sits at $66,000. If the current sell-off continues, BTC could test this level in the coming weeks, marking a significant correction from its recent highs. With Bitcoin at a crucial point, traders and investor ..
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