Is Bitcoin topping out or just consolidating?
From ig.com
Bitcoin's stumble appears to be a natural pullback after a strong rally, amplified by macroeconomic headwinds and technical unwinding. ​If inflation data points toward a more dovish Federal Reserve (Fed) or if institutional demand resurfaces, Bitcoin could regain momentum. Conversely, further hawkish signals or large position liquidations could extend the slide. ​Bitcoin has fallen by around 7% over the past week as profit-taking after record highs, reduced optimism for aggressive Fed interest rate cuts, and over $1 billion in leveraged liquidations pressured the crypto currency. ​Additional weakness came from ...
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