Bitcoin scrapes new lows as tech stocks drop: Data forecasts BTC dip below $100K

Bitcoin's price accelerated its sell-off, hitting lows near $106,800, mirroring slight weakness in US tech stocks like Meta and Microsoft, whose shares fell despite strong earnings due to investor skepticism over massive capital expenditure on AI infrastructure. Data from Hyblock's liquidation heatmap suggests the most likely short-term outcome for BTC is a downside move toward $103,800, with potential final flush below $100,000, despite bullish forecasts related to a Trump-China trade deal and Federal Reserve rate cuts being confirmed. The market also remains cautious regarding the limited details emerging from the US-China trade discussions, leaving the trade war as an overhanging risk.

(Source：Cointelegraph)