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Bitcoin is showing a downward trend and facing strong selling pressure.
Bitcoin's price has dropped to around 68,150 USD, the lowest level since early March, and at times lost as much as 3.3% in the weekend trading session.
The entire cryptocurrency market has declined across the board, with Ether down nearly 5% and other major coins like Solana, XRP, and Cardano also falling.
Since the end of February, Bitcoin has lost approximately 20% of its value, indicating a weakening trend has formed over several weeks.
Some analysts predict Bitcoin could fall even further, toward levels such as below 60,000 USD or even 40,000 USD.
What do you all think? Will a bottom form?