Bitcoin’s bull run faces test amid potential Trump-era crypto policies – Bitfinex
Bitcoin (BTC) registered a significant recovery in the past week, jumping from the $90,000 price area to a new all-time high at $109,357.07 on Jan. 20. However, a new Bitfinex Alpha report warns that BTC’s upward momentum faces potential headwinds, as “sell-the-news” trading behavior looms large.
Bitcoin’s rebound followed a steep decline to $89,698, which triggered $818 million in liquidations on Jan. 13. Of this, $592 million was attributed to long positions.
Despite the scale of the pullback, Bitcoin’s ability to hold above key support levels highlights the ongoing strength of its price trends relative to traditional markets.
A crucial support-resistance level for Bitcoin lies in the behavior of short-term holders, which are…
