BTC

Bitcoin Faces Potential Downward Pressure Despite Recovery

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19 Feb 2025

Bitcoin Recovery Faces Challenges Amid Market Pressures

After experiencing a downturn on Tuesday, Bitcoin (BTC) managed to rebound swiftly to a value of $93,000. However, analysts from CryptoQuant warn of continuing downward pressures that threaten to bring Bitcoin back down to $86,000.

According to their analysis, several factors contribute to this potential decline. The demand for Bitcoin appears to be waning, and blockchain activity is not as robust as before. Furthermore, a scarcity of liquidity inflows into the cryptocurrency market adds to the risk of a further pullback.

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Bitcoin Recovery Faces Challenges Amid Market Pressures

Read more

Zoth Hit by $8.4M Crypto Exploit After Wallet Compromise

Bitcoin’s Wild Card: How Germany’s Debt Plans Could Shake Up Crypto

Are XRP Whales Preparing for a Big Move as Ripple vs. SEC Lawsuit Nears Conclusion?

XRP Price Consolidates as Key Levels Hold