Is Bitcoin Price At Risk Of Short Term Sell Pressure?
The post Is Bitcoin Price At Risk Of Short Term Sell Pressure? appeared on BitcoinEthereumNews.com.
It’s a new week for the market and investors are eager to see whether Bitcoin price will stick to a recovery trajectory. Especially with recent changes in the market triggering a shift in holder dynamics. Bitcoin price just concluded last week with the bears on top by a 2.29% gain from its weekly opening to closing price. Interestingly, that, was its second week concluding in the green since 30 March, despite initially kicking off last week on a bearish leg. Although Bitcoin’s weekly performance underscores the return of demand after a pause on tariff wars, uncertainty was still prevalent in the market. Especially as the latest fear and greed sentiment hovered at 45, which was still in fear territory. The uncertainty signaled potential for short term profit-taking. Price had already dipped by 1.79% from its opening price on Sunday, to its $83,718 press time price tag. Bitcoin price action/ source: TradingView Both the RSI and MFI confirmed a demand cool-down but could this signal that Bitcoin price is not ready to push back above $90,000? Its performance signaled a cautiously optimistic outlook in the market. Bitcoin Price May Benefit from Whale Inflows Speaking of uncertainty, CryptoQuant analyst Darkfost explored Binance whale activity under the current market conditions. The analyst made some interesting observations which may offer insights into BTC’s potential move this week. According to Darkfost’s analysis, Bitcoin’s 365-day Moving Average continued ticking up, signaling that the market was still in a long term uptrend. The analysis also noted that whale activity in the short term was on the decline according to the 30-day Moving Average. The short term whale retreat pushed whale activity to levels previously seen in September and October last year. Binance whale to exchange ratio collaborated with the same observation, revealing that exchange inflows from whales…
Filed under: News - @ April 13, 2025 6:25 pm