Is it a technical pause or a trend change in Bitcoin? 📉
The crypto market enters a phase of observation as key supports are being tested.
After recent peaks, the crypto ecosystem shows a natural correction. Bitcoin ($BTC) is currently trading near $89,000, reflecting a 2.3% drop in the last 24 hours. This consolidation arises in a context of macroeconomic tension and while awaiting definitions on the CLARITY Act in the U.S.
On the other hand, Ethereum ($ETH) continues to struggle to maintain the level of $2,900. The dynamics of spot ETFs have shifted from euphoria to caution, with net outflows suggesting that institutional investors are recalibrating their portfolios in light of global volatility.
Historically, these "pauses" allow the market to absorb previous gains and eliminate excess leveraged positions. The big question for this week is whether we will see a reactivation of demand at the current support levels or if the sideways movement will extend until February.
Do you think Bitcoin will recover to $95k before the month ends?