“Very possible” Bitcoin consolidates 8 months again: 10K Research

Error for the crypto researcher 10K Research does not govern that Bitcoin would repeat its 2024. year, where he spent most of the year after the initially hit at all times early.

“It’s very possible,” Markus Thielen said, when the chances of Bitcoin said (Btc) Repetition of similar movement on the market until 2024. Years. In March 2024. The Bitcoin reached its time in the amount of $ 73,679 before crossing the consolidation phase, rocking from about $ 20,000 until Donald Trump in November was elected American.

CITCOIN CURRENT SIGNALS GRAPHS “Market Intestment”

Thielen said that thought had two months ago, around Bitcoin has hit its current all the time $ 109,000 on the day of Trump’s inauguration.

He explained in his most recent Market Report 15. Marcha which current chart of Bitcoin reminds of “high and narrow flag”, which is, despite the simplification model, shows signs of weakness.

“Two flags instead of one, precise formation weakens this setting,” Thielen said.

“As a result, the sample currently proposes indecision in the market, not a direct bical consolidation,” he added.

In the meantime, he also pointed out that the Exchange Market Bitcoin (ETF) does not show signs of the mentality of “Purchase-Dima”.

“Small Incentive” to take advantage of the recent graduate prices of bitcoin

“This is aligned with our opinions that most ETF flows came from arbitration hedge funds. Given persistently low rates of financing, there is little incentive for deploying additional capital, despite recent price correction,” Thielen said.

Since the beginning of March, when Bitcoin fell under $ 90,000, Spot Bitcoin ETFS in the US recorded the total outflows of about 1.66 billion dollars, toward to remote data.

Bitcoin trades $ 84,290 at the time of publication, toward to coinmarketcap. This represents a decline of 23% of its 109,000 January, high time.

Thielen is not sure if the Bitcoinian Ustrend will continue in the short term. “Therefore, it may be prudent that at this stage is closed short positions, although little evidence remains to support a strong price recovery,” Thielen said.

Related: Bitcoin Panic Sales consumes new investors $ 100 million in 6 weeks – Research

Since Bitcoin fell under $ 80,000, February – for the first time from November – in the middle of Macroeconomic Insurance over American President Donald Trump proposed tariffs, several cryptological analysts predict further decline for property.

10. Marta, Bitmek Co-founder and Maelstrom Arthur Haies Main Investment Officer He said “it seems that Bitcoin will climb $ 78,000”. “If it doesn’t work, $ 75,000 is the next one in the breaks,” he added.

Meanwhile, Iliia Kalchev, DISPETCH analyst on the digital investment platform for someone, said at conistelegraph 11. Marta that is a low $ 70,000 range It could “provide a sustainable recovery foundation.”

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