Has Bitcoin Nosedive Begun? Here’s Why the BTC Price is Down Today & Here’s Where it May Reach!
The post Has Bitcoin Nosedive Begun? Here’s Why the BTC Price is Down Today & Here’s Where it May Reach! appeared on BitcoinEthereumNews.com.
The post Has Bitcoin Nosedive Begun? Here’s Why the BTC Price is Down Today & Here’s Where it May Reach! appeared first on Coinpedia Fintech News Bitcoin has entered a sharp corrective phase, shedding over 2.5% in the past 24 hours amid intense selling pressure and heightened volatility. The downturn follows a significant liquidation event triggered by large institutional offloading, with prices slipping below critical short-term levels. As July nears its monthly close, Bitcoin’s inability to reclaim momentum above $118K raises the likelihood of a deeper pullback. If bearish pressure persists, BTC price could slide toward the $112K–$110K zone before stabilising. Now the question arises whether the Bitcoin price will trigger a recovery back above $119K ahead of the monthly close, as it seems to be extremely important for a potential rebound toward the $124K to $126K range. Why the BTC Price is Plunging? The Bitcoin price has dropped nearly 3% in the past 24 hours, facing a sharp wave of selling pressure. The sudden drop comes amid a convergence of bearish macro and crypto-native pressures. One of the main triggers is renewed hawkish sentiment from the U.S. Federal Reserve. With expectations of rate cuts now pushed further out, Bitcoin is taking a major hit as investors look out for more investment options. On the other hand, the large institutional players appear to be offloading holdings, with Bitcoin ETFs recording fresh outflows. Meanwhile, the whale wallets have shown a notable rise in inflows, typically a precursor to sell-offs. The drop in the price also triggered a wave of liquidations, especially among the long traders, which intensified the decline. Therefore, if the selling pressure continues, BTC price is feared to test the $112,000 to $110,000 range, while a rise above $118,000 What to Expect from the Bitcoin (BTC) Price Rally This…
Filed under: News - @ July 25, 2025 1:34 pm