BREAKING
244d 20h ago

Bitcoin Faces Growing Risk of Short-Term Correction Amid Lack of Strong Catalysts, Warn Bitfinex Analysts

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Bitfinex analysts have highlighted an increasing risk of short-term correction for Bitcoin, as reported by Cointelegraph via COINOTAG News on June 10. The absence of significant macroeconomic drivers or structural catalysts limits Bitcoin’s ability to decisively surpass its current all-time highs, making the asset vulnerable to pullbacks. Market dynamics indicate that long-term holders might begin to offload positions, potentially triggering downward pressure.

Investors who acquired Bitcoin during Q1 2025, when prices dipped below the $80,000 threshold, now face a pivotal moment amid consolidation near historical peaks. This scenario underscores the importance of monitoring holder behavior and market sentiment, as these factors could influence Bitcoin’s near-term trajectory. The evolving landscape demands a cautious approach, emphasizing risk management in the absence of clear bullish momentum.

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