Following a brief news-driven surge, Bitcoin retreated as market dynamics reverted to technical drivers, with both weekly and daily charts recording sustained declines. The price remains pressured below key moving averages, while momentum indicators have produced a pronounced death cross, reinforcing a bearish market bias and cautioning investors against interpreting the rebound as a trend reversal.
The daily session closed with a small bearish candle, and intraday data showed a technical bounce to ~113700 before renewed weakness. Short-term models indicate additional downside potential, so traders should avoid indiscriminate long exposure. The BiyaPay multi-asset trading wallet continues to support global remittances, crypto trading, and U.S./Hong Kong equity access to help manage volatility within risk parameters.