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Bitcoin Analysis: Is the Bearish Bias Returning to the Market?
Over the past two trading sessions, Bitcoin’s price movements have shown a predominant bearish bias, with a decline of more than 3.8% in the short term. This pullback has prevented BTC from approaching its historical highs again. For now, the confidence generated after the Federal Reserve (Fed) rate cut has begun to fade, triggering a wave of profit-taking that reinforces the perception of constant selling pressure. If confidence continues to deteriorate, bearish bias could remain dominant in the short term. After the Fed’s decision last week to cut rates by 0.25%, it seemed that Bitcoin would take advantage of ... (full story)
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