BREAKING
223d 0h ago

Bitfinex Alpha: Bitcoin Price Consolidation Expected Without Major Macroeconomic Shifts

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

Bitcoin prices are expected to maintain a consolidation phase in the near term, barring significant macroeconomic shifts or impactful positive catalysts. Market analysts from Bitfinex Alpha emphasize that without substantial external stimuli, the cryptocurrency is likely to trade within a defined range. This consolidation reflects investor caution amid ongoing global economic uncertainties and regulatory developments. Traders should monitor key economic indicators and policy announcements closely, as these factors could trigger volatility and influence Bitcoin’s price trajectory. Maintaining a strategic approach during this period is crucial for market participants aiming to optimize portfolio performance in the evolving digital asset landscape.

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