Bitfinex stock exchange, bitcoin $83,528.25has published a report that evaluates that in the coming weeks, it can be recovered if certain conditions are met. The report analyzed the corrections and market dynamics observed in the existing bull cycle.
Details of the Bitfinex report
According to the report, Bitcoin was normally experienced by 18 %to 22 %shallow withdrawal, while the recorded with a withdrawal of approximately 30 %from the record summit in the current process. This indicates that Bitcoin follows a different course than the correction patterns in the previous bull course.
Bitfinex report draws attention to the fact that the price may react in case of stability at the threshold. In this context, it was emphasized that the level of Bitcoin may be an important turning point.
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“If Bitcoin stabilizes at this level, there may be a strong recovery in the light of past data.” – Bitfinex
Short -term expectations in crypto
The report also states that ETF flows, macroeconomic developments and liquidity of the market may be decisive in the recovery process of Bitcoin in the coming weeks. The re -inclusion of corporate investors on the market may contribute to the upward movement of the price.
“If the risk appetite is low, the price is horizontal or even more decreases.” – Bitfinex
In the study, the short -term positions of investors were also pointed out. It is stated that investors holding BTC in the last 180 days are in harm and the price tendency of the price may force this group to close the position.
The report says that if the purchase appetite of long -term investors and corporate actors is revived, it is possible to recover with a more robust price response. The course of the market in this period will be determined by the interaction of various factors.
The results of the analysis suggest that the recovery of Bitcoin can be realized if the current level of correction is maintained. Investors closely follow ETF flows and macroeconomic indicators and evaluate their risks in line with short -term movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
