Why is the Bitcoin price going down? This imbalance suggests that many traders were overexposed on the bullish side, possibly expecting the Fed’s recent rate cut to extend the rally. Will Bitcoin price crash? Analyst sentiment was also tilted towards a steeper correction from current levels, which could be persistent over the next two weeks, according to crypto market veteran Michael van de Poppe. At press time, Bitcoin was trading at $112,875, down over 2.4% in the past 24 hours.