Bitcoin Faces Selling Pressure, Could End Year Weak

Recent selling pressure is putting downward pressure on Bitcoin prices. Experts warn that this trend may continue into the year’s end as investors unwind their positions and move towards safer assets. While a rebound was seen following the recent dip, analysts believe a sustained decline may be underway. 20% of the gains made during the summer rally have already been erased as Bitcoin fell below $91,200 this week, marking a significant drop from its early-October peak. This decline is attributed to a combination of factors including leveraged liquidations, capital flow into traditional safe haven assets like gold, profit-taking in AI-linked equities, and overall economic expectations surrounding Bitcoin.