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bitcoin bottom in?! bitfinex alpha signals cycle low, investors puzzled, downtrend or strong support zone? 15% pump, deleveraging
classic market sentiment shift: reduced selling pressure, brief price recovery, and institutional bullishness suggest potential bottom nearing: however, conflicting signals from predictors and recent
Bitfinex Alpha reports reduced selling pressure, signaling Bitcoin nearing its cycle low. The recent market decline has puzzled investors. Predictors suggest a new downtrend, while others believe BTC is in a strong support zone. BTC saw a brief 15% price recovery before dropping amid heavy selling. Deleveraging, capitulation, and seller exhaustion hint that Bitcoin is close to a bottom before a potential rebound. Institutional investors remain bullish, evident in continuous inflows into US-listed Bitcoin ETFs. [Source link] 📉📈
Is Bitcoin close to a bottom? Early Indicators Indicate Yes (Bitfinex Alpha)
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