Bitcoin Price Drops Below Key Support Amidst Market Uncertainty

Bitcoin and Ethereum experienced further declines as selling pressure increased, with buyers showing hesitation. This suggests a weakening of market confidence and diminished near-term optimism. Analysts attribute the decline to liquidity stress, shifting rate expectations, and structural pressures rather than panic selling. They believe this is part of a broader cycle, not an isolated event. While uncertainty surrounds the upcoming December Fed decision, caution and strategic positioning may be more prudent than attempting to predict a near-term bottom.