Bitcoin Faces Internal and External Pressure—Is a Rally Still Possible?
The post Bitcoin Faces Internal and External Pressure—Is a Rally Still Possible? appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. Bitcoin’s price has faced a dramatic downturn, falling below $90,000 and reaching as low as $87,000 levels today. This steep decline places the cryptocurrency further away from its January all-time high of over $109,000. The sharp sell-off comes amid both internal and external challenges, leaving investors uncertain about what lies ahead. While the market struggles to find support, the path forward so far remains unclear However, Mac.D, a contributor to the CryptoQuant QuickTake platform has managed to analyze the current market scenario and give a detailed outlook. Related Reading Is A Rally Still Possible For Bitcoin? Diving into the outlook, Mac first touched on the major factors behind the ongoing plunge in Bitcoin’s price. According to Mac, a combination of internal and external pressures have contributed to Bitcoin’s recent plunge. Internally, the aftermath of a notable Ethereum-related hacking incident has unsettled the broader crypto market. Externally, the ongoing inflation concerns and the reintroduction of tariff policies under the Trump administration have weighed on risk assets, including Bitcoin. These factors have collectively led to a break below the crucial $90,000 support level, according to Mac, the analyst further points to two key elements that could influence Bitcoin’s trajectory moving forward. Bitcoin long liquidations on all exchanges. | Source: CryptoQuant First, the recent liquidation of long positions has reached its highest level since November, with $245 million worth of long positions wiped out. Such large-scale liquidations often reduce market depth, creating conditions that might enable a price rebound. BTC Massive Long Liquidation, At a Crossroads of Rise or Fall “Liquidation of long positions has occurred. Today’s liquidation marks the highest since November, with $245 million worth of long positions being liquidated.” – By @MAC_D46035 Full post ⤵️https://t.co/c4aefYbQ73 pic.twitter.com/xCwDbAyLJM — CryptoQuant.com (@cryptoquant_com) February 25, 2025 Second,…
Filed under: News - @ February 26, 2025 6:20 am