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Crypto Market Stabilizes as Downtrend Eases: What Could Drive the Next Rally?
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The past week saw bitcoin (BTC) rise above critical resistance levels following the carnage of weeks ago. The asset’s slow, but steady recovery signals that the market is stabilizing. This leaves analysts guessing which catalyst could drive the next rally.
In the latest edition of the Bitfinex Alpha report, market experts predicted that changes in the macroeconomic landscape could drive liquidity to bitcoin. Volatility in traditional asset classes, such as oil and fiat currencies, could help stabilize the crypto market and drive positive price movement in the coming weeks.
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Crypto Market Stabilizes as Downtrend Eases: What Could Drive the Next Rally?
Share:
The past week saw bitcoin (BTC) rise above critical resistance levels following the carnage of weeks ago. The asset’s slow, but steady recovery signals that the market is stabilizing. This leaves analysts guessing which catalyst could drive the next rally.
In the latest edition of the Bitfinex Alpha report, market experts predicted that changes in the macroeconomic landscape could drive liquidity to bitcoin. Volatility in traditional asset classes, such as oil and fiat currencies, could help stabilize the crypto market and drive positive price movement in the coming weeks.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Crypto Liquidation Carnage: Long Positions Obliterated in $478M Market Shakeout