Bitcoin Price Crash: Weekend Slide Signals End of Bullish 'Hopium' for BTC Bulls

The recent Bitcoin price decline over the weekend may signal a significant shift in market sentiment, with analysts warning that the bullish optimism, often referred to as 'hopium,' could be dissipating. This downward movement is potentially just the initial phase of a broader correction, raising concerns among investors. Key technical levels are being tested, and a failure to hold support could lead to further losses for BTC. Market participants are closely monitoring trading volumes and macroeconomic indicators for clues on the next directional move for the leading cryptocurrency.