Selling pressure and global uncertainty stop the recovery of the leading cryptocurrency, while Ethereum shows greater technical strength and positive flows.
In a context marked by global economic tensions and volatility in markets, Bitcoin (BTC) experiences a downward consolidation, accentuating the bassist risks for the main cryptocurrency of the world. After trying to maintain a recovery above the US $ 106,000, the price of Bitcoin is replicated Au $ s105.204, according to Binance, evidencing a loss of technical impulse and a Sweakened entering among investors.
Market weakening is also reflected in the flows of the Bag (ETFS) Bitcoin spot, which registered a Net departure of US $ 268 million on Mondayadding three consecutive days of retreats. This abrupt change occurs after a 10 -day sustained streak with net entrances, which puts operators on the possible start of a deeper corrective phase.
In contrast, Ethereum (eth) continues to show technical solidity and market confidence, Supported by positive flows in their ETFS spot that reached the US $ 78 million in net revenues on Monday. The cryptocurrency is maintained above US $ 2,500.
Meanwhile, the rest of the cryptocurrencies is quoted with rises of up to 4%headed by Unus sed Leo, followed by Ripple (2.4%) and Ethereum (1.2%).
What the market analyzes
Bitcoin’s technical panorama is dominated by bearish signals, with the MACD indicator confirming a sales signal since May 25, while exponential mobile socks at 50, 100 and 200 days could act as key supports at levels between US $ 91,000 YU $ S105,000.
The causes behind this volatility and downward pressure include uncertainty about global commercial policy, with tariff tensions between the United States and its commercial partners that generate caution among investors. The profits after the recent historical maximums close to the U4S112.000 also contributes to the bearish dynamics.
Crypto Finance analysts qualify this correction as a healthy behavior within a normal phase of price discovery, characterized by a mixture of profits and caution in front of an uncertain global economic context.
The cryptocurrency market is still in a state of waiting, evaluating whether Ethereum’s recovery will be sufficient to boost feeling or if Bitcoin will continue to face pressure in the middle of a global scenario marked by economic and geopolitical risks.
Source: Ambito
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