Bitcoin’s Fundamentals Strengthens As Market Sentiment Remain Bearish, What’s Next For BTC?
The post Bitcoin’s Fundamentals Strengthens As Market Sentiment Remain Bearish, What’s Next For BTC? appeared on BitcoinEthereumNews.com.
After several weeks of notable bearish performances, Bitcoin‘s core metrics are hinting at a bullish outlook for the flagship asset’s price. Bitcoin’s price is currently struggling to regain the $90,000 mark, but its market dynamics hint at a transition into positive territory, signaling growing momentum. Market Dynamics Are Eyeing A Move Toward Bullish Sentiment On-chain and investment platform Swissblock has outlined an impending change in Bitcoin’s current market dynamics and price trajectory. With the heightened volatility over the past few weeks, the expected shift could be a game changer for BTC, allowing it to gain enough momentum for an upsurge. Specifically, the platform points to a shift in Bitcoin fundamentals toward a bullish aspect, suggesting that the asset might be gearing up for its next major move. This move may imply that confidence among investors and network activity is growing in spite of recent price fluctuations. According to Swissblock, determining the direction of Bitcoin’s price is already difficult under normal circumstances. When concentrating on short-term volatility, traders usually examine price activity, momentum, and support and resistance levels. However, BTC’s fundamentals become the main focus once volatility reaches a high level. BTC fundamentals about to enter bullish territory | Source: Swissblock on X With steady gains in network size and liquidity, Bitcoin’s fundamentals are presently about to move into the positive quadrant. Considering the development, the platform noted that BTC is unlikely to enter a bear market, even in the face of manipulation and heightened volatility. Should this trend successfully move into the bullish quadrant, BTC might regain robust upward momentum, which will set the stage for higher price levels. Is BTC Becoming Extremely Risky To Invest In? While fundamentals are about to turn positive, BTC’s risks are at a high level, which has triggered uncertainty about price prospects. The Bitcoin…
Filed under: News - @ March 5, 2025 1:29 pm