The post Bitcoin Nears 50-Day Average Amid Market Hesitation appeared on BitcoinEthereumNews.com.

Key Points: Bitcoin approaches 50-day moving average amid market correction. Expert analysis indicates accumulation fatigue. Traders shift focus to smaller projects. Bitcoin’s approach to its 50-day moving average signals a market correction exacerbated by summer trading patterns and diminishing bullish sentiment, according to analysts’ reports from August 7, 2025. This correction underscores the cryptocurrency market’s vulnerability to seasonal factors, highlighting traders’ cautious stance amidst macroeconomic uncertainties and shifting sentiment in options markets. Bitcoin Faces Summer Market Challenges and Shifts The recent market correction, particularly impacting Bitcoin, aligns with summer seasonal weakness and macroeconomic factors. Analysts noted Bitcoin’s frequent testing of the 50-day moving average, signaling “accumulation fatigue,” as described by FxPro’s Chief Market Analyst, Alex Kuptsikevich. The market has paused to lock in profits, while traders shift focus to smaller projects. Market sentiment for Bitcoin’s long-term performance has shifted from a previously bullish outlook to neutrality. This change reflects the broader market’s reassessment of future trends amid continued uncertainty. As Griffin Ardern of BloFin stated, “The bullish sentiment for Bitcoin’s long-term options has dissipated, now firmly holding a neutral stance.” Analysts such as James Check describe the sell-off as “a traditional benign event,” with active discussions on platforms like BlockBeats reflecting a cautious attitude toward potential future market weakness. Current Market Sentiment and Historical Price Patterns Did you know? Bitcoin has frequently tested its 50-day moving average, indicating market sentiment shifts over time. Bitcoin (BTC) is priced at $114,333, with a market cap of $2.28 trillion, commanding a 60.84% dominance in the crypto landscape. Over the past 90 days, BTC has demonstrated an 11.23% increase in price, as reported by CoinMarketCap. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05:07 UTC on August 7, 2025. Source: CoinMarketCap According to the Coincu research team, the observed neutral market sentiment and past trends…

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Filed under: News - @ August 7, 2025 5:33 am