Why Is Bitcoin Falling Today? BTC Price Analysis and Key Levels

Bitcoin (BTC) extended its decline today, slipping below several key technical levels as the ￰0￱ Treasury yields and risk-off sentiment weighed on global ￰1￱ world’s largest cryptocurrency now faces a crucial support test amid increasing volatility and investor ￰2￱ these market shifts, Outset PR , a data-driven crypto communications agency founded by Mike Ermolaev, continues to track how sentiment and macro cycles shape narrative visibility across the ￰3￱ proprietary analytical tools, such as the Syndication Map, allow campaigns to mirror the rhythm of market trends, ensuring brands stay visible even during bearish turns like Bitcoin’s current ￰4￱ Breakdown: BTC Loses Key Support Bitcoin’s technical outlook turned decisively bearish after the asset fell below both its 7-day simple moving average (SMA) at $106,227 and its 30-day SMA at $110,565.

Such dual breaks are widely seen by traders as short-term sell signals, confirming weakening momentum after several weeks of sideways trading.) dropped to 34.4, approaching oversold territory, while the MACD histogram turned negative at –833, signaling sustained bearish ￰5￱ $104,356 Fibonacci 78.6% retracement level now serves as critical support. A confirmed close below this threshold could trigger automated sell orders and stop-loss cascades, potentially accelerating the move toward $101,000 or ￰6￱ PR: Data-Driven Communication in Volatile Markets Periods like these highlight how data and timing determine visibility — a principle that Outset PR has built its strategy around.

Traditionally, PR campaigns relied on mass distribution with uncertain ￰7￱ PR changed that by developing the Syndication Map , a proprietary analytics tool that identifies which media outlets generate the highest syndication lift and audience engagement. “If a company needs a top list article, we filter for media that publish that format, cross-check costs and placement conditions, and know within minutes where to pitch,” explains Maximilian Fondé, Senior Media Analyst at Outset ￰8￱ precision allows the agency to craft campaigns that reduce wasted spending and target high-impact ￰9￱ Media Relations team, led by Anastasia Anisimova , complements analytics with human trust — a rare combination in a space dominated by automation and mass outreach.

“Sincerity and friendliness are our core principles,” Anisimova notes. “It’s how we’ve built long-term relationships with tier-1 media outlets.” Outset PR’s approach optimizes reach through syndication effects, where stories are republished across platforms like CoinMarketCap and Binance Square, often expanding reach ￰10￱ instance, a campaign for StealthEX led to 92 republications , achieving a total outreach exceeding 3 ￰11￱ outcome reflects the same principle driving strong trades — strategic timing and data-based ￰12￱ Factors Weigh on Risk Assets The selloff in Bitcoin aligns closely with weakness across global ￰13￱ ￰14￱ yields have reduced risk appetite, prompting outflows from both equities and digital ￰15￱ Nasdaq Composite fell 1.5%, and Bitcoin’s 24-hour correlation with the S&P 500 climbed to above zero, reinforcing its sensitivity to macroeconomic trends.) Major Resistance: $110,565 (30-day SMA) Critical Support: $104,356 (78.6% Fibonacci retracement) Next Support: $101,000 psychological level If Bitcoin holds above $104,000, traders could see stabilization followed by a relief rally toward $108,000–$110,000.

However, a daily close below $104,000 risks deeper retracement and renewed liquidation pressure. Outlook: Short-Term Fragility, Long-Term Opportunity Bitcoin’s current downturn highlights the interplay of technical breakdowns, macro volatility, and miner supply ￰16￱ these forces may dominate the short-term narrative, the medium-term picture remains constructive as institutional inflows continue and ETF participation ￰17￱ like Bitcoin’s cycles, Outset PR’s model thrives on reading market momentum — aligning its campaigns with prevailing sentiment to achieve measurable visibility, even in bearish ￰18￱ macro conditions stabilize and Bitcoin maintains its long-term structure above $100K, the correction may ultimately serve as a healthy reset within the ongoing ￰19￱ then, traders should brace for heightened volatility and range-bound action, with $104,000 as the key level separating a bounce from a deeper slide.

Disclaimer: This article is provided for informational purposes ￰20￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.