Yesterday, Bitfinex released its latest Alpha report dedicated to the recent retracement of the price of Bitcoin.
The report notes that the retracement was 29.7%, which is the second deepest correction of this bull cycle, and especially that institutional buyers have not yet returned with sufficient strength to counteract the selling pressure.
This leads to thinking that the current retracement phase might not have concluded yet.
The retracement of Bitcoin
The current retracement of the price of Bitcoin in theory started a few days after the all-time high, reached on January 20th above $109,000. That was also the day Donald Trump was inaugurated at the White House.
At first, it was just a return to $100,000, but already at the beginning of February, it fell well below this threshold. However, until February 23, it seemed it could simply continue the lateralization phase that began in mid-November, but that was not the case.
In fact, between February 24 and 28, it dr
We współpracy z: https://en.cryptonomist.ch/2025/03/18/bitcoin-the-retracement-might-not-be-over-yet/
