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\n\t\t\t\t\t\t\t\t\tBTC already dived by around three grand. But, there could be more pain on the horizon.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin tried but failed at $65,000 on several occasions in the past week, and there are now multiple and different signals suggesting that another leg down is on the cards.<\/p>\n
From war escalation to ETF withdrawals, let\u2019s dive in.<\/p>\n
Let\u2019s start with the Wednesday developments on US soil when the central bank decided to leave interest rates unchanged<\/a>. At first glance, this doesn\u2019t sound too bearish, right? After all, the alternative was to hike them, and there was a real possibility.<\/p>\n However, history shows that essentially all recent FOMC meetings, no matter what the outcome was, have been followed by a BTC price correction. Popular analysts have caught<\/a> this rather negative pattern, which materialized with a $3,000 price decline over the past few days.<\/p>\n On the plus side, we can argue that the Friday correction to a 2-week low of $62,400 has priced in that almost mandatory post-FOMC retracement.<\/p>\n But there\u2019s another macro factor that tends to harm risk-on assets like bitcoin: the war in the Middle East. Tension escalated over the past 24 hours, which included Iran reportedly striking tankers<\/a> under US escort in the Strait of Hormuz.<\/p>\n Subsequent reports from the WSJ claimed that Trump has ordered a fresh attack on Iran to get it to surrender. According to CBS News, the US plans to attack Iranian energy assets, and this substantial escalation is expected to begin<\/a> over the weekend.<\/p>\n The first in this section comes from the ETF behavior. The financial vehicles had a solid three-week run in which they attracted over $200 million in net inflows. However, the tides turned once again last week, with $61.53 million in net outflows. Friday was the day that changed the course, as investors pulled out over $265 million to reverse the $233 million in net inflows on Thursday.<\/p>\n Lastly, let\u2019s explore a technical tool. Ali Martinez warned that the TD Sequential, a metric used to determine whether the underlying asset might reverse its price trend soon, has flashed a major sell signal on the 3-day chart.<\/p>\n The analyst added that this red sign comes as August begins, which has historically been associated with BTC pullbacks.<\/p>\n \u201cHistory doesn\u2019t have to repeat, but it\u2019s a setup worth watching,\u201d he added<\/a>.<\/p>\n<\/blockquote>\n Let\u2019s not begin the month only with negativity and review the opposite side of the coin. Micha\u00ebl van de Poppe noted earlier that BTC could be primed for a major rebound due to its historical connection with the Nasdaq and South Korea\u2019s KOSPI. Both major indices skyrocketed at the end of the business week, with KOSPI notching a massive 18% surge.<\/p>\n \u201cThe last time this happened, Bitcoin rallied to $83,000,\u201d said van de Poppe. His expectation contrasts Ali Martinez\u2019s warning for a weak start to August.<\/p>\n<\/blockquote>\n An enormous bounce on the Nasdaq and therefore a massive weekly candle, just as $KOSPI<\/a> has bounced upwards.<\/p>\n I repeat, the last time this happened, #Bitcoin<\/a> rallied to $83,000.<\/p>\n I would expect to see a strong start of August coming week for #Bitcoin<\/a> as a response to the current\u2026 https:\/\/t.co\/EJF8PcmOSI<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) July 31, 2026<\/a><\/p>\n<\/blockquote>\nYou may also like:<\/h3>\n
Internal Reasons<\/h2>\n
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One for the Bulls<\/h2>\n
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