Analyst: Crypto market rebound remains weak, Bitcoin needs to hold above $95,000 to confirm an uptrend
According to Odaily, IG analyst Chris Beauchamp stated that the cryptocurrency market is gradually recovering, but due to continued investor caution and ongoing capital outflows from crypto funds, the gains remain limited. He pointed out that prices lack the new capital inflows needed for a strong rebound, and bitcoin must hold above $95,000 to confirm a sustained uptrend. Currently, the market's focus is on US inflation data, bank earnings reports, and the upcoming Senate hearing on cryptocurrency market structure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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