Crypto Market Down Today: Bitcoin Faced $110k Resistance

Bitcoin couldn’t retake the $110k mark, going through a giant sell-off, turning the crypto market right into a massacre. What sport is

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taking part in, and what can we anticipate from it?

Is it the geopolitical state of affairs or pure revenue taking under the all-time excessive? Shaking off weak palms earlier than teleporting to a brand new ATH or a brand new bear beginning?

Bitcoin and Crypto Area Dealing With Harsh Circumstances

Today, Bitcoin confronted a giant selloff with a whole lot of lengthy liquidations. This occurred for numerous causes, one among which was that the Fed didn’t minimize charges as they mentioned. On Might 7, 2025, they introduced that charges are going to remain 4.25%-4.50%.

That assertion marked a sentiment shift from bullish to bearish, triggering the beginning of managed profit-taking and danger deleveraging amongst merchants.

FOMC minutes drop at 2PM EST right now.

Markets are stalling like a boomer making an attempt to publish a meme.

Again on Might 6–7, the Fed stored charges locked at 4.25%–4.50%.

They referred to as the economic system stable and the labor market resilient.

Basic Fed speak – calm on the mic, sweating behind the… pic.twitter.com/9Zt6ZRT5yx

— Chapo (@El_Crypto_Chapo) Might 28, 2025

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In some way, this created a rumor that the Fed will minimize the charges on the June assembly and even earlier by the top of the month. All that was not supported by any dependable data, leaving the contributors in chaos.

One other key issue affecting the crypto market on the whole is the uncertainty attributable to President Donald Trump’s tariffs. These vary from 10% tariffs on all imports from greater than 57 nations, to staggering 145% tariffs on items from China.

That led to a tariff commerce battle sport that has severely disrupted the market. No longs or shorts have been secure, and plenty of liquidations have been examined. The most recent improvement is a 50% tariff on all European Union imports, beginning June 1, 2025.

BREAKING: President Trump is slapping the European Union with a 50% tariff beginning June 1st. pic.twitter.com/ZT6lZbH3p3

— Benny Johnson (@bennyjohnson) Might 23, 2025

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One other buying and selling stress that occurred earlier this 12 months was proscribing Nvidia’s GPUs from being bought to China. That resulted in a $2.58 trillion sell-off within the conventional tech market, moreover making the crypto panorama more durable.

This, in addition to all regulatory and political developments, is taking part in a giant position in crypto-behaviour. When one of many greatest, if not the most important, industries right now is taking a 180-degree flip, issues can get ugly.

Crypto and Bitcoin Technical Aspect of The Market

All the things that we’ve got mentioned above aligns completely with the present technical aspect of Bitcoin and the entire crypto market. It’s arduous to say the place precisely the bull run has began, however over the previous two and a half years, Bitcoin has been printing greater highs.

Lately, BTC printed a brand new ATH however shortly after went down $110k mark. From a technical perspective, that is one thing regular for the crypto market and particularly for BTC. Revenue-taking is essential, and that is one thing all people ought to do.
(Supply)

If BTC doesn’t handle to reclaim that area, it could kind a reversed W sample, which may ship it to the $70k mark. And everyone knows that that is crypto, and every part is feasible, and it may be violent.

One other indicator that’s exhibiting bearish indicators is RSI 14. Whereas Bitcoin is printing greater highs Relative Power Index (RSI) is printing decrease highs. That is one thing that may be deceptive, however in spite of everything, this reveals relative power.

(Supply)

This bearish divergence can result in some short-term to medium-term selloff, however at this level, that is utterly regular.

On the each day timeframe, we are able to see that the worth remains to be respecting the 200 SMA and EMA pattern. We are able to see in current months Bitcoin wiggling in every single place, leaving each side with large losses or positive factors.

Swings from $80k to $110k are effectively inside the vary of Bitcoin’s typical volatility.

(Supply)

All that being mentioned, this doesn’t imply we’re not bullish on BTC. Quick time period, every part can occur, however we all know Bitcoin comes stronger and able to push for an additional ATH.

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