Bitcoin News Update: Bitcoin's 72% Profit Rate Puts Pressure on Death Cross Bearish Predictions
- Bitcoin's recent drop below $107,250 triggered "death cross" fears but analysts note it's less severe than the 2022 crash. - Bitfinex identifies mid-cycle consolidation, with 72% of BTC supply still profitable at $100,000, signaling potential stabilization. - Market resilience contrasts 2022's systemic risks, as ETF inflows and stablecoin adoption highlight evolving crypto dynamics. - Key price levels ($107,250/$100,000) will determine bearish validity, though historical false signals caution against ove
Bitcoin's latest price drop has led some to draw parallels with previous market upheavals, yet industry experts believe this downturn is milder than the crypto crash of 2022. After falling below the important $107,250 mark—which has now become a resistance level—Bitcoin (BTC) dipped to $105,000,
This pullback is consistent with what many call a "mid-cycle consolidation phase,"
Investors are also contending with significant changes in the broader market structure.
Although the market is currently volatile, it is showing more resilience than during the 2022 meltdown, when Terra's failure wiped out $1 trillion from the industry. Today’s conditions, while unsettled, do not carry the same level of systemic risk,
As the market works through this correction, attention is focused on whether Bitcoin can reclaim important psychological levels. A sustained move above $107,250 would indicate renewed bullish energy, while further drops could deepen this consolidation period. For now, the crypto sector appears to be holding steady, though participants remain cautious about what lies ahead.
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.
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