- Analysts foresee a Bitcoin retest at $110K due to momentum drop.
- Inflows into Bitcoin ETFs reducing sharply.
- Bitcoin and altcoin markets may adjust levels.
Bitcoin’s price might test $110,000 again due to reduced inflows and slowing momentum. ETF inflows reached $407.78 million recently, but without notable warnings from key figures, market cooling is inferred from primary on-chain and ETF data.
Potential retest of $110,000 could impact broader cryptocurrency market, influencing BTC and altcoins.
Bitcoin Market Overview
Bitcoin’s consolidation around $118,000 has led to warnings from analysts about a potential retest of $110,000. The warnings arise from reduced inflows into Bitcoin, casting doubts on its current market momentum.
Institutional flows, integral to Bitcoin’s current standing, have reportedly decreased recently. Adler, Macro Quant/Analyst, “Adler’s Insights” Substack stated, “Lack of momentum growth above 12% may indicate consolidation phase before next movement.” There is a lack of direct statements from leading figures predicting a $110K retest in the near term.
Impact of Reduced Inflows
With decreased inflows, Bitcoin’s price could impact market confidence. The reduction in inflows hints at cooling market sentiment, potentially influencing Bitcoin-related assets.
Economists highlight the significant role of institutional activity in sustaining Bitcoin’s higher price ranges. A decline might indicate changing conditions, affecting investor sentiment and portfolio decisions.
Market Predictions and Historical Patterns
Bitcoin’s price remains closely linked to major altcoins, which could see parallel moves based on Bitcoin’s lead. Monitoring ETF activities offers insights into future market directions.
Historical data suggests similar periods of price stagnation often precede changes. Analysts suggest Bitcoin could mirror past behavior with institutional support potentially dictating future price trends.
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