Bitcoin’s Bullish Momentum Faces Structural Challenges
- Bitcoin experienced a significant rebound from $80,000 to $94,000 over the past three weeks.
- The Bitcoin Inter-Exchange Flow Pulse (IFP) indicator has broken below its 90-day moving average, indicating weakening market participation.
- Current trading price of Bitcoin is $90,338, with a daily volume increase of 34.64% to $82.68 billion.
- The IFP is in the red zone, historically preceding correction periods or weak structural momentum.
Recent data reveals that despite Bitcoin’s price recovery, structural weaknesses in inter-exchange liquidity may limit sustained upward movement in the short term. The downward trend of the IFP suggests potential for another market correction due to reduced bullish flows between exchanges.
As Bitcoin trades at $90,338 with increased trading volume, the market faces critical challenges unless the IFP reclaims its moving average to signal stronger bullish flows. (Source)
