Bitcoin is facing a downward pressure from multiple factors, leading to concerns about potential price declines. Recent price fluctuations have kept Bitcoin between $105,000 and $101,000 for the past ten days, with a recent 2.52% drop on May 17th bringing its current value down to $103,300. This dip aligns with a broader decline in digital assets like Ethereum (ETH), adding to investor anxieties. Technical indicators also point to potential weakness, signaling a possible market correction. This includes decreased daily active addresses and new address openings on the Bitcoin blockchain – despite price rises suggesting ‘negative divergence’. Analysts warn of dwindling market momentum and a looming correction based on this data. Global macroeconomic uncertainties further contribute to the downward pressure. The U.S. Federal Reserve’s tightening measures have disrupted investor sentiment, steering them away from risky assets like cryptocurrencies, while ongoing trade wars initiated by the US administration exacerbate existing financial market stress. Historical performance raises doubts about Bitcoin’s ability to sustain its current upward trend, leading analysts to believe a price drop is imminent. This confluence of factors poses challenges for investors as they navigate the volatile cryptocurrency market. The $99,000 level serves as a crucial psychological support for Bitcoin prices. Experts caution that these signals could indicate an impending decline in the short term, highlighting the need for cautious investment strategies in the face of this uncertain market landscape.