Bitcoin Market Shakes: Could BTC Value Plunge Under $95K?
Analyzing the Intensifying Bearish Momentum and Weak Technical Indicators: Is a Sub-$95K Bitcoin Imminent?
Key Points
- Bitcoin’s Inter-Exchange Flow Pulse (IFP) has turned negative, indicating a potential market downturn.
- Bitcoin’s weak momentum and resistance at $98,815 suggest potential downside risks.
The market dynamics of Bitcoin (BTC) have recently displayed bearish tendencies. The Inter-Exchange Flow Pulse (IFP), a key metric that monitors BTC movements between spot and derivative exchanges, has turned negative. This shift in the past has indicated a decrease in risk appetite among traders, often leading to a drop in price.
Bitcoin’s Bearish Indicators
The IFP tracks the net flow of Bitcoin between spot and derivative exchanges, offering insights into market sentiment and positioning. A negative shift could imply that traders are closing positions, deleveraging, or preparing to sell. This has historically been linked with periods of increased selling pressure and potential price drops in Bitcoin’s market cycle.
Negative IFP readings have in the past aligned with market corrections or extended bearish phases. For instance, the metric turned negative in early 2018, aligning with Bitcoin’s decline from its cycle peak into a year-long bear market. Likewise, in mid-2021, the IFP turned negative ahead of a significant drop, as traders cut leverage and exited positions.
Bitcoin’s Struggle for Momentum
Bitcoin is currently finding it difficult to gain upward momentum, trading around $97,605 at press time. Key technical indicators suggest a cautious outlook. The 50-day SMA at $98,815 is acting as immediate resistance, while the 200-day SMA at $80,002 remains a crucial long-term support level. The RSI is at 46.88, below the neutral 50 level, indicating weak buying pressure.
The MACD is still in negative territory, with the signal line below the MACD line, reinforcing bearish sentiment. If Bitcoin fails to reclaim the 50-day SMA, a drop toward $95,000 or lower could be possible. Conversely, a breakout above $100,000 is needed to nullify the current bearish bias and reignite bullish momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Trending news
MoreCrypto prices
More








