CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-02-17 06:50:13

Bitcoin BTC Price Entering a Bearish Phase? A Key Indicator Turns Negative

The post Bitcoin BTC Price Entering a Bearish Phase? A Key Indicator Turns Negative appeared first on Coinpedia Fintech News Bitcoin has been moving sideways, slipping 1.7% in the last 24 hours. But what’s more concerning is a warning from CryptoQuants analyst Maartunn as the Inter-Exchange Flow Pulse (IFP) has turned negative, hinting that traders might be losing confidence. If selling pressure picks up, Bitcoin could tumble all the way to $92,000. Bitcoin Key Indicator Turned Negative The Inter-Exchange Flow Pulse (IFP) tracks Bitcoin movement between spot and derivative exchanges. When Bitcoin flows out of derivative exchanges and into spot markets, it suggests that traders are closing long positions and becoming more cautious. As per Maartunn analysis the IFP has now turned negative, which means Bitcoin is leaving derivative exchanges at a higher rate. This suggests that traders may no longer be confident in the market’s upward momentum. https://twitter.com/cryptoquant_com/status/1891319234858246593 When this happens, Bitcoin’s price can face downward pressure, as traders move away from high-risk bets. Historically, similar patterns have led to market slowdowns or even corrections. If this trend continues, Bitcoin could enter a phase of lower volatility or even a deeper correction. Bitcoin Stuck Below $97K? Bitcoin has been struggling to break past $98.8k facing repeated rejection despite holding above $95k. After hitting a high of $98.8k BTC lost momentum, slipping below key support levels at $97k and $96k. Adding to the concern, a bullish trend line at $97,500 has been broken, and Bitcoin is now trading around $96,100, sitting below the 100-hourly simple moving average a sign that sellers are gaining control. If BTC can’t reclaim $97,000, a deeper decline may be on the horizon which will lead to next critical $92,200 support zone.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.