The article suggests that Bitcoin's price may be experiencing weakening momentum, leading to questions about the market's direction. Analyst Ali Martinez advises traders to wait for better entry points before investing heavily. Historical data suggests that the best buying opportunities occur after a 12% loss, but currently, traders are still in profit. The article also highlights the importance of Bitcoin's market value to realized value (MVRV) momentum as a critical indicator used to assess market strength, with a recent downturn in this metric potentially signaling significant price corrections. The article mentions key price levels to monitor, including a support zone near $30,000 and resistance at $40,000, which could determine the next market move. Despite short-term declines, long-term projections remain optimistic, with expectations of a significant price increase by the end of the year. CEO of Marathon Holdings Inc., Fred Thiel, predicts that Bitcoin could potentially double in value by year-end due to increasing institutional demand and a more favorable regulatory environment.



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