Bitcoin's price recently dipped to $100,000 but swiftly rebounded, climbing above $110,000 after renewed dialogue between the U.S. and China helped ease global market tensions.
Despite this impressive bounce, analysts at Bitfinex remain cautious, suggesting that Bitcoin may be running out of steam before reaching a new all-time high.
While the leading cryptocurrency is approaching its previous peak of $111,900, Bitfinex researchers believe a further rally isn’t guaranteed. In a recent market update, they emphasized that the current price movement lacks the kind of strong fundamentals needed to push BTC beyond its former record.
Their report highlights that without a fresh catalyst—whether geopolitical, structural, or macroeconomic—Bitcoin faces increasing pressure for a short-term pullback. The rising price may encourage long-term holders to lock in profits, adding to the selling pressure and limiting upward momentum.
The analysts identified several key zones where Bitcoin could potentially find support if a correction occurs. These include:
According to Bitfinex, Bitcoin now sits at a delicate inflection point, caught between weakening bullish sentiment and critical technical levels. Until a clear external driver emerges, the path forward may remain uncertain.
SpaceX has moved 1,308 BTC—worth roughly $150 million—to a new wallet address, marking its first on-chain activity in more than three years.
According to a new chart shared by Bitcoin Magazine Pro, the current Bitcoin market cycle may be entering its final stretch—with fewer than 100 days remaining before a potential market top.
Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.