Bitcoin's price is fluctuating between $95,850 and $97,729, sitting 11% below its all-time high. Some analysts predict hurdles for Bitcoin's recovery, pointing to a bearish trend and a "Diamond Top" pattern that suggests a potential fall in prices. Recent geopolitical events, such as new tariffs and the Federal Reserve's stance on interest rates, have added uncertainty and caution among investors. Ethereum also experienced a sharp drop due to complex trading strategies, indicating potential pressure on the crypto market. A flash crash triggered by new tariffs caused a sell-off across stocks, commodities, and crypto, with a significant impact on altcoins. Bitcoin's rising dominance and the Trump administration's focus on stablecoins have further affected investor confidence. With weak technical signals and ongoing economic uncertainty, Bitcoin may experience more price drops, leading to a wait-and-watch approach from traders.
Content Editor ( coinpedia.org )
- 2025-02-07
Who is Selling Bitcoin? Decoding the Bearish Signals and Altcoin Sell-Off : 10x Research
