If Bitcoin Holds $95,000, Will The Rally Continue…Macro Stability Is A Key Variable

The weekly report ‘Bitfinex Alpha’ published by cryptocurrency exchange Bitfinex analyzed that the Bitcoin bull market has not yet peaked by synthesizing major on-chain and derivative indicators. The report stated, “Whether optimism toward Bitcoin is maintained depends on the stabilization of the overall macroeconomy. Short-term decline possibilities still exist, but if major technical support levels like 95,000 Dollars can be maintained on the upside, the overall trend looks positive. In particular, the April rise rate of BTC recorded 14.08%, about 1%p higher than the past average rise rate of 13%.”

According to the report, while short-term adjustments cannot be ruled out, the upward trend is likely to continue unless macro indicators enter a clear contraction phase. Bitfinex added that a favorable environment is being created in the market as expectations for inflation slowing and the possibility of the US Federal Reserve freezing interest rates have increased recently. However, they also issued a warning that volatility could increase if global liquidity flows become unstable.

As 95,000 Dollars was mentioned as a level for investors to pay attention to, that price range is expected to be a watershed for the bull market in the coming weeks. The report noted, “If the macroeconomy stabilizes and technical support levels are maintained, Bitcoin will prepare for the next upward momentum,” citing macro indicators as key variables to gauge the continuation of the rally.