$BTC

Major Reasons for Bitcoin’s Decline

Correlation with Gold: Today, Gold ($XAU USD) experienced a massive crash.

When a major asset like Gold falls sharply from its record highs, it often triggers “panic selling” in Bitcoin and other crypto markets.

Investors rush to close positions to protect their capital.

Profit Taking at Peaks: Bitcoin was hovering very close to the psychological $90,000 level. At such major milestones, institutional investors typically book profits, flooding the market with supply and driving prices down.

Advice

Volatility is extremely high right now. With these massive “red candles” forming, buying in the middle is risky—it’s like catching a falling knife.

#BTC #USIranStandoff #ZAMAPreTGESale

XAU
XAUUSDT
4,906.09
-3.48%

BTC
BTCUSDT
82,769.6
-0.00%