empty
10.01.2025 09:58 AM
Bitcoin Losing Momentum

Bitcoin's inability to surpass the psychologically significant $100,000 mark has been met with resilience by BTC/USD bulls. They hold onto the belief that "if not today, then tomorrow, this level will yield!" However, the significance of this failure cannot be overlooked. In 2024, the digital asset saw a surge due to strong demand for ETFs and the anticipation of initiatives in the crypto sector from Donald Trump. Nonetheless, without the concurrent rallies in U.S. stock indexes, Bitcoin's performance would likely have been much less impressive. With the S&P 500 now facing a potential correction, Bitcoin is starting to exhibit signs of weakness.

Last year, the U.S. economy surprised many with its resilience against the Federal Reserve's most aggressive monetary tightening in decades (2022–2023). Yet, in 2025, it appears to have reached its limits. Further fiscal stimulus from Trump could risk fueling inflation. Unsurprisingly, Treasury bonds are being sold off, which drives up yields, pushes the S&P 500 downward, and leads to capital outflows from Bitcoin-focused ETFs. On January 8, Bitcoin ETFs experienced outflows of $83 million, marking their second-worst day in history.

Capital Flow Trends in Bitcoin ETFs

This image is no longer relevant

Investors are becoming increasingly aware of the declining global risk appetite. Just a few days into the new year, the market has already faced shocks such as terrorist attacks in New Orleans and Las Vegas, tariff disputes involving Donald Trump, and the looming threat of a debt crisis in Britain. As money moves away from risky assets, Bitcoin has also suffered.

Crypto enthusiasts are pointing to the narrowing premiums between the U.S.-based Coinbase exchange and China's Binance as a sign of rising interest in digital assets in the U.S. However, this trend may actually reflect a decline in demand for cryptocurrencies in Asia.

Price Spread Trends on Different Cryptocurrency Exchanges

This image is no longer relevant

BTC/USD bulls are still hoping that Donald Trump will fulfill his campaign promises, which they believe could create a golden age for cryptocurrencies. However, many of Trump's proposals are unlikely to materialize. For example, technology does not allow for all remaining bitcoins to be mined solely within the U.S., as he has suggested. His plan to establish a strategic reserve could increase the budget deficit, inflate the national debt, and accelerate inflation, which is unlikely to be well-received by the White House.

This image is no longer relevant

There remains some hope for regulatory leadership that favors cryptocurrency and the integration of tokens into the banking system. However, Bitcoin enthusiasts clearly expect even more. This disappointment is evident in the unwinding of long positions and profit-taking.

From a technical perspective, the BTC/USD daily chart is showing a 1-2-3 reversal pattern forming. A breakout below the local low at $91,400 (Point 2), or the bulls' failure to push prices back above the moving averages and the pivot level at $97,600, would create grounds for selling.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

USD/JPY. La inflación en Tokio se acelera, pero el yen sigue siendo vulnerable

El informe publicado hoy sobre el crecimiento de la inflación en la capital de Japón resultó estar en la "zona verde". La publicación permitió a los vendedores del par usd/jpy

Irina Manzenko 12:25 2025-03-28 UTC+2

Análisis del par GBP/USD. El 28 de marzo. La libra no tuvo tiempo de caer, pero volvió a subir.

El par de divisas GBP/USD volvió a cotizarse al alza el jueves, aunque hace unos días comenzó una especie de corrección bajista. El mercado incluso reaccionó a un informe débil

Paolo Greco 07:24 2025-03-28 UTC+2

Análisis del par EUR/USD. 28 de marzo. A Donald Trump le gusta hacer sorpresas.

El par de divisas EUR/USD mantuvo una inclinación bajista durante el jueves, pero se negoció al alza durante el día. La volatilidad volvió a ser baja, lo que indica

Paolo Greco 07:24 2025-03-28 UTC+2

USD/JPY. El yen se devalua a la espera del informe sobre el crecimiento del TCPI

El par usd/jpy mantiene el potencial de un mayor crecimiento. El informe sobre el crecimiento del TCPI, que se publicará el viernes, o bien reforzará la tendencia alcista, o provocará

Irina Manzenko 12:13 2025-03-27 UTC+2

Donald Trump volvió a confundir a todos

Ayer, el presidente de EE.UU., Donald Trump, declaró que planea una serie de excepciones a su amplia propuesta de aranceles, lo que se convirtió en la última insinuación velada sobre

Jakub Novak 08:45 2025-03-26 UTC+2

El jefe del Banco de Inglaterra contra los aranceles y a favor del desarrollo de la IA

La intervención de ayer del gobernador del Banco de Inglaterra, Andrew Bailey, solo abordó parcialmente la economía del Reino Unido y sus perspectivas. Hablando durante una conferencia en la Universidad

Jakub Novak 08:17 2025-03-25 UTC+2

GBP/USD. Una semana importante para la libra

La libra espera acontecimientos importantes y significativos. El miércoles se publicará el informe clave sobre el crecimiento de la inflación en el Reino Unido, así como la intervención

Irina Manzenko 12:22 2025-03-24 UTC+2

El ataque a la estación de medición de gas Sudzha solo provocó un aumento temporal de los precios

Los precios del gas natural en Europa registraron un fuerte repunte debido a un ataque contra una estación de bombeo inactiva en la región de Kursk, Rusia. Según

Miroslaw Bawulski 10:29 2025-03-24 UTC+2

Los mercados atrapados en un círculo vicioso sin salida por ahora (posible caída del Bitcoin y del precio del oro)

Los mercados están en estado de confusión debido a la enorme cantidad de noticias negativas que se ciernen sobre ellos sin un final claro a la vista. En este contexto

Pati Gani 11:13 2025-03-20 UTC+2

Análisis del par GBP/USD. El 17 de marzo. El mercado se ha dormido, la economía no le interesa a nadie.

El par de divisas GBP/USD el viernes "murió" definitivamente. En la ilustración a continuación se puede ver claramente que la volatilidad fue bastante alta en los primeros tres días

Paolo Greco 07:03 2025-03-17 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.