Bitcoin's price has remained within a range of $91,000 to $102,000 for the past 81 days despite geopolitical tensions and periods of volatility. Bitfinex analysts have identified a bearish signal indicating that Bitcoin could see more downside in the coming weeks. The ongoing trade tensions have led to a decline in volatility, and Bitcoin's lack of volatility reflects a cautious market sentiment and absence of clear directional momentum. Meanwhile, altcoins have been hit harder than Bitcoin, indicating a shift in investor focus towards Bitcoin. Realized losses suggest sell-side pressure on Bitcoin, and the Inter-Exchange Flow Pulse has flashed a negative signal for the first time since June 2024, indicating a possible decline in market sentiment. However, Bitfinex notes that the signal could be false.
Content Editor ( cryptopotato.com )
- 2025-02-18
Bitfinex Warns of Bearish Signals as Bitcoin Continues to Consolidate
