BTC (BTC) has recently experienced a decline in price, with three consecutive weeks of bearish closing. With the end of six weeks of cash inflows into the US spot BTC ETF and a net cash outflow of $651 million recorded, the future of BTC has become more complicated. Market uncertainty has intensified, especially as global economy is impacted by Trump's tariff policies, leading to a 2.4% decrease in the total market value of the cryptocurrency market. Whale demand is decreasing, market sentiment is low On-chain data shows that the supply of BTC on centralized exchanges has increased, but the demand from Whale investors has significantly decreased. Since the second week of February, the outflow of funds from spot BTC ETFs has raised concerns in the market, reducing the momentum in the cryptocurrency market. Technical warning of potential decline From a technical perspective, BTC has formed a double top pattern and a bearish divergence, with the RSI indicator showing a downward trend. Although the support at $95,700 is currently holding, if it cannot be maintained, this support level may be broken, causing the BTC price to fall to $92,000, or even lower to $85,000. Long-term outlook: The trend of gold may affect BTC As the digital gold, BTC may follow the same trend as the price of gold in the future. Recently, the price of gold hit a historic high, driven by safe-haven demand. With global debt constantly rising, the demand for hedging against inflation is also increasing, and BTC's status as a safe-haven asset may be further consolidated. Therefore, despite facing challenges in the short term, BTC still has the potential to rise in the long term.
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VisitingTheSettingSun
· 2025-02-18 00:24
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BTC price prediction: Whale demand plummets, BTC future trend faces major challenges!
BTC (BTC) has recently experienced a decline in price, with three consecutive weeks of bearish closing. With the end of six weeks of cash inflows into the US spot BTC ETF and a net cash outflow of $651 million recorded, the future of BTC has become more complicated. Market uncertainty has intensified, especially as global economy is impacted by Trump's tariff policies, leading to a 2.4% decrease in the total market value of the cryptocurrency market.
Whale demand is decreasing, market sentiment is low
On-chain data shows that the supply of BTC on centralized exchanges has increased, but the demand from Whale investors has significantly decreased. Since the second week of February, the outflow of funds from spot BTC ETFs has raised concerns in the market, reducing the momentum in the cryptocurrency market.
Technical warning of potential decline
From a technical perspective, BTC has formed a double top pattern and a bearish divergence, with the RSI indicator showing a downward trend. Although the support at $95,700 is currently holding, if it cannot be maintained, this support level may be broken, causing the BTC price to fall to $92,000, or even lower to $85,000.
Long-term outlook: The trend of gold may affect BTC
As the digital gold, BTC may follow the same trend as the price of gold in the future. Recently, the price of gold hit a historic high, driven by safe-haven demand. With global debt constantly rising, the demand for hedging against inflation is also increasing, and BTC's status as a safe-haven asset may be further consolidated. Therefore, despite facing challenges in the short term, BTC still has the potential to rise in the long term.
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