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Bitfinex Report: BTC Needs Time to Consolidate Before Strengthening in Q4
Summary: According to reports from Bitfinex Alpha, Bitcoin is currently stable between $108,000 and $112,000, with buyers defending key support levels and filling the gap left by the rapid rise in July. While a deeper pullback is still possible, a more likely outcome is a time-based consolidation, especially considering September historically marks a cyclical low point ...
According to reports from Bitfinex Alpha, Bitcoin is currently stable between $108,000 and $112,000, with buyers defending key support levels and filling the gap left by the rapid rise in July. While a deeper pullback is still possible, a more likely outcome is a time-based consolidation, especially considering September historically marks a cyclical low point before a strong Q4. If the Fed confirms a rate cut in September, decreased real yields and a weaker dollar could amplify BTC's seasonal uptrend, laying the foundation for a new rally. Until then, consolidation remains the primary scenario, with ETF fund flows, macro policy changes, and derivative positions serving as key signals to watch.
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Link: Bitfinex Report: BTC Needs Time to Consolidate Before Strengthening in Q4 [Copy]
