Is Bitcoin facing a deeper plunge? Despite potential downside risks, savvy investors can seize short-term profit opportunities within the Bitcoin market. Learn more on InvestX.fr/en.
While the Bitcoin market remains vulnerable to downside risks, savvy investors can find short-term profit opportunities. Analysts agree on the cryptocurrency’s need to sustain above a crucial level to hope for a significant rebound.
Indeed, Bitfinex analysts state that if Bitcoin manages to sustainably stabilize above the $102,000 – $103,000 range, it could indicate that the market effectively absorbs the selling pressure. However, volatile macroeconomic conditions and geopolitical tensions persist, weighing on investor sentiment.
Despite these uncertainties, many analysts see in Bitcoin as a high-risk yet potentially profitable opportunity. Some believe that if buyer confidence returns, BTC could start a new bullish phase. However, others remain cautious and expect price stabilization in the short term.
Analysts believe that Bitcoin’s price holding above the crucial $102,000 support will be decisive for its future evolution. If this support zone holds, it could pave the way for a significant rebound. However, if breached, the risk of further decline will remain high.
From an on-chain data perspective, Axel emphasizes that the market expects a new ATH for Bitcoin. Indeed, he points out that the Futures Market Powers chart remains bearish but does not reflect any fear of a deeper drop.
“In this context, the moderate bearish trend more likely reflects traders‘ confidence in a new move above the current ATH than a real threat to the bullish trend,” he writes.
On the other hand, the RHODL ratio has turned negative back into the bear market zone. This may indicate caution from investors as tensions in Iran are not yet resolved.
While long-term outlooks remain mixed, many crypto experts maintain a cautious optimism about Bitcoin’s future. They advise investors to stay vigilant and conduct their own analyses before making any investment decisions.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
