Bitcoin is experiencing significant selling pressure despite expectations of a seasonal bullish trend in the market. Investors had anticipated a rise in prices this time of year, aligning with historical trends. However, current market dynamics indicate a prevailing bearish sentiment that contradicts these expectations. Analysts are observing increased selling activity, which may undermine the potential for a bullish reversal. Several market participants remain cautious, as the factors leading to this selling pressure continue to unfold. The combination of market factors is contributing to uncertainty around Bitcoin’s performance in the near term.
