As traders celebrate Independence Day in the U.S., the crypto market may be preparing for a different kind of fireworks. With Donald Trump expected to finalize a sweeping government spending bill on July 4th, Bitcoin could be heading for a significant correction — possibly sinking to $83,000, according to emerging technical and macroeconomic signals.
🔍 What’s in the Bill?
The bill, aimed at reshaping federal spending priorities, includes provisions that could indirectly affect crypto markets — especially if they introduce capital controls, reduce liquidity, or shift investor sentiment toward safer assets like bonds and cash.
📊 Technical Breakdown
Bitcoin has been struggling to maintain key levels above $109K. A loss of bullish momentum combined with low trading volume due to the U.S. holiday creates ideal conditions for a stealth correction. If BTC fails to hold the $105,000 support, downside targets emerge quickly — and $83,000 stands out as a structurally strong demand zone from earlier cycles.
💼 What Are Big Players Doing?
On-chain metrics show increased movement from long-term holders to exchanges, a classic sign of preparation to sell. With the market already cautious around the Trump bill, any sign of regulatory tightening or reduced monetary support could trigger institutional de-risking.
📅 Timing Matters
July 4th is not just symbolic — it’s also a period of low liquidity in global markets. Thin order books mean even moderate sell pressure can result in exaggerated moves. That makes July 5th (Friday) a critical date to monitor, especially when U.S. traders return.
🧭 The Bigger Picture
Long-term Bitcoin investors may not be shaken, but short-term traders should be aware: major pullbacks happen when confidence gets tested. The $83K level could become a self-fulfilling prophecy if enough market participants position for it.