Key points:

• Bitcoin couldn’t top 200-day line
• Prices hit two-week low
• Iran risks back on menu

Orange coin went straight to the Monday blues, battling war jitters, inflation prospects, technical resistance.

📉 Bitcoin Meets Technical Gravity

• Bitcoin BTCUSD slipped below $77,000 on Monday, touching $76,500 for its weakest level in more than two weeks before trimming some losses. Not exactly the “digital gold” flex crypto bulls were hoping for.
• The big technical wall remains the 200-day moving average — a long-term trend gauge traders obsess over because it often separates bullish momentum from bearish territory. Right now, that line sits near $82,000 to $83,000.
• Bitcoin tried to crack above that level several times recently but got rejected. Bears saw the failed breakout, smelled weakness, and promptly invited the orange coin to a red-candle convention.

🌍 War Fears Crush Risk Appetite

• Markets turned defensive Monday morning after Donald Trump warned Iran to “get moving, FAST,” fueling fears of deeper conflict and disruptions to global oil supplies.
• About $600 million in crypto positions were liquidated within an hour, according to Coinglass data. Liquidation means leveraged traders got forcibly kicked out of their trades as prices moved against them. Painful, fast, efficient.
• Other major cryptocurrencies joined the slide, including Ethereum and Solana. When macro fear hits, crypto correlations tend to shoot toward “everything dumps together.”

🏦 Higher Rates Haunt Crypto

• Bitcoin’s latest stumble also reflects growing worries that interest rates may stay elevated longer as inflation pressures build again, partly because surging oil prices risk pushing consumer costs even higher.
• Fresh inflation data last week didn’t help. The producer price index, or PPI — a measure of wholesale inflation businesses pay before consumers feel it — jumped 6% annually, the hottest reading since late 2022.
• Higher rates are typically a headwind for speculative assets because investors can earn safer returns elsewhere. Translation: if Treasury yields look juicy, some traders become less interested in highly volatile assets with zero yield and maximum emotional damage.

Source: Tradingview