The Crypto Market Levels Off as the Downtrend Declines: What Will Fuel the Next Upswing?
Bitcoin Uptrend Signal The past week saw Bitcoin (BTC) rise above critical resistance levels following the carnage of weeks ago. The asset’s slow but steady recovery signals that the market is stabilizing. This leaves analysts guessing which catalyst could drive the next rally. In the latest edition of the Bitfinex Alpha report , market experts predicted that changes in the macroeconomic landscape could drive liquidity to Bitcoin. Volatility in traditional asset classes, such as oil and fiat currencies , could help stabilize the crypto market and drive positive price movement in the coming weeks. The crypto market stabilizes. According to Bitfinex , BTC spent last week trading below the short-term holders’ (STH) cost basis of $113,600, which hovers around the 0.85 quantile level. That dynamic indicated signs of market fatigue and fading momentum. However, the market turned for the better over the weekend as U.S.-China tariff discussions progressed and BTC reclaimed those ...