Macro Forces vs. Institutional Investors: What Will Influence Bitcoin's Next Shift?

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 4d ago

0mins

Source: stocktwits

Bitcoin Market Analysis: Rekta Capital indicates that Bitcoin's current weekly structure resembles the transition from 2021 to 2022, characterized by weaker rebounds and repeated refusals from long-term EMA resistance levels.
Market Sentiment: Retail sentiment around Bitcoin remains bearish, with mixed feelings among investors regarding macro pressures and potential recovery from whales, ETFs, and corporate flows.
Technical Indicators: Analysts highlight that Bitcoin's price is struggling to reclaim important technical levels, with repeated rejections weakening rebound strength and suggesting a bear market trend.
Future Outlook: Market watchers express skepticism about Bitcoin's price recovery, attributing current struggles to leveraged shorts rather than fundamental issues, while some believe that capital flows from gold and silver could eventually rotate back to Bitcoin.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.