🔻Bitcoin has repeatedly reached new all-time highs but is now facing selling pressure. The main driver behind this is Federal Reserve Chairman Jerome Powell’s cautious stance on easing monetary policy. Despite a 25-basis-point rate cut, Powell indicated that the likelihood of further rate reductions is diminishing.
🔻On December 19, BTC failed to hold above $100,000, intensifying selling pressure. Analysts are divided: some see growth potential, while others warn of short-term declines. Nevertheless, Bitcoin remains in a bullish trend, and renewed buyer activity could increase market volatility. Over the past 24 hours, BTC has lost nearly 7%.