CandleFocus

Why Can't Bitcoin Rise? Why Did the Rally Stall? Analyst Explains Overlooked Reasons!

Why Can't Bitcoin Rise? Why Did the Rally Stall? Analyst Explains Overlooked Reasons!
Bitcoin (BTC) has surpassed $100,000, but the overall cryptocurrency market has been experiencing declines. Analyst Markus Thielen suggests that slow liquidity inflows, including from spot Bitcoin ETFs, and a stagnant rally in Nvidia are hindering Bitcoin's rise. The slowdown in liquidity growth and the weakened uptrend in Nvidia shares may explain Bitcoin's struggle to maintain levels above $100,000. At the time of writing, Bitcoin is trading at $97,780.

Related News