Bitcoin Price Analysis: Is the Bull Run Losing Steam or Setting Up for a Major Rebound?
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The post Bitcoin Price Analysis: Is the Bull Run Losing Steam or Setting Up for a Major Rebound? appeared first on Coinpedia Fintech News Bitcoin’s price extended its slide today, forming fresh intraday lows near $105,500 as market volatility deepened. Major altcoins mirrored the weakness, with Ethereum, Solana, and XRP posting moderate losses amid cautious trading. Yet, despite the decline, exchange data shows traders continue to hold onto their Bitcoin, suggesting conviction remains intact beneath the surface. With sentiment at a turning point, the question now is whether BTC’s latest dip marks the start of a deeper correction—or the calm before a rebound. Exchange Outflows Strengthen Bullish Outlook Exchange outflows play a major role in determining the investor sentiment across the markets. A rising trend reflects the indecisiveness among them, while a declining trend suggests the growing optimism among them. The data from CryptoQuant shows that the balance over the exchanges has dropped to the 2018 levels. Nearly 209,000 BTC—worth over $14 billion—have been withdrawn from centralized exchanges over the past six months. Source: CryptoQuant This steady outflow highlights growing investor confidence in self-custody and long-term accumulation. Historically, such withdrawals have coincided with bullish market phases, as fewer coins remain available for immediate sale. If Bitcoin continues to consolidate near support, these outflows could signal that smart money is quietly accumulating, potentially setting the stage for a strong upward move once market sentiment improves. However, if prices fail to respond despite dwindling exchange balances, it may reflect weak demand or broader macro resistance limiting upside potential. BTC Price Analysis: Key Levels to Watch Bitcoin’s recent dip below $106,000 triggered mild panic among short-term traders, but the broader trend still shows a controlled pullback rather than a full breakdown. The price is currently hovering near the $105,500–$106,000 support zone, a region…
