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Is Crypto Entering a Bear Market? — 5 Things to Know About Bitcoin This Week

Bitcoin struggles to maintain key support as macroeconomic volatility increases. Institutional outflows and market trends suggest the possibility of a bear market.

• Main Points:

  • Bitcoin under pressure: BTC holds at $54K but faces volatility from upcoming US economic data.

  • Institutional outflows: Crypto funds lost $600 million last week, raising concerns.

  • Historical patterns: BTC price action resembles 2019, signaling a potential breakout.

  • Key support levels: $52.5K must hold for short-term recovery.

  • Fed decision looming: Inflation data this week will shape the Federal Reserve’s interest rate decision.

• Detailed Insights:

  • Bitcoin under pressure: BTC closed at $54,000 last week, holding key support as traders await US macroeconomic data, including CPI and PPI reports.

  • Institutional outflows: Crypto institutional products saw $600 million in outflows, the worst since the 2022 bear market, hinting at reduced risk appetite.

  • Historical patterns: Bitcoin's current price structure closely mirrors 2019, where a long consolidation phase led to a significant upside, suggesting a potential inflection point.

  • Key support levels: Analysts see $52,500 as a crucial support level for Bitcoin, which, if it holds, could trigger a 20% bounce.

  • Fed decision looming: US inflation data this week could influence the Fed’s rate cut decision, which may significantly impact crypto markets.

Related: Michael Saylor Issues Urgent Warning Amid Bitcoin Price Drop

Traders should watch for key price levels and macroeconomic developments to gauge Bitcoin's next move in an uncertain market environment.

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Gary Gensler Fired from SEC by Kamala Harris – Is Bitcoin Poised for a Breakout?

The dismissal of SEC Chairman Gary Gensler by Vice President Kamala Harris has stirred uncertainty in the crypto world. While this could signal a shift toward pro-crypto regulation, major changes will take time to unfold.

• Main Points:

  • Gensler's removal: SEC Chairman Gary Gensler was fired by VP Kamala Harris.

  • Crypto regulation shift: Possible shift toward a more pro-crypto stance, but changes may take time.

  • Impact on Bitcoin: Bitcoin could see increased demand if regulations ease.

  • Future of regulation: Gensler’s successor will play a key role in shaping US crypto policy.

• Detailed Insights:

  • Gensler's removal: Gensler's confrontational stance on crypto regulation, seen as restrictive by many industry proponents, may have led to his firing. His removal has created shockwaves in the financial and crypto sectors.

  • Crypto regulation shift: The appointment of a new SEC chair could lead to a more favorable regulatory environment for cryptocurrencies, including Bitcoin, though significant policy changes may take time to materialize.

  • Impact on Bitcoin: The prospect of lighter regulation could drive Bitcoin’s demand as investors respond to fewer barriers. However, short-term volatility is likely as markets react to the news.

  • Future of regulation: The direction of crypto regulation will depend heavily on Gensler’s successor, with the potential for balanced policies that foster innovation while protecting investors. The next few weeks will be critical for US crypto regulation developments.

Related: Is XRP Setting Up for a Rally Toward $1?

Crypto market participants should remain cautious as regulatory changes unfold, with long-term impacts still uncertain.

Bitcoin’s Next Peak Expected in Summer 2025, Says IntoTheBlock

On-chain data platform IntoTheBlock predicts Bitcoin’s next peak in mid-2025, following historical trends tied to Bitcoin’s halving cycles. Current data suggests Bitcoin is in a post-halving accumulation phase.

• Main Points:

  • Summer 2025 peak: Bitcoin is expected to reach its next peak around mid-2025.

  • 12% decline: Bitcoin is down 12% from its halving price of $63,900.

  • Historical pattern: Bitcoin historically peaks 480 days after halving events.

  • Current price: Bitcoin is trading at $55,008.11, up 1.28% in the last 24 hours.

• Detailed Insights:

  • Summer 2025 peak: IntoTheBlock’s analysis suggests Bitcoin’s next major price peak will occur approximately 480 days after the most recent halving in April 2024, aligning with previous halving cycles.

  • 12% decline: Currently, Bitcoin is down by 12% from its halving price of $63,900, a typical pattern during post-halving phases.

  • Historical pattern: Past halving events led to Bitcoin peaks roughly 18 months later, as seen in 2017 and 2021. This trend suggests Bitcoin could experience a significant price surge by mid-2025.

  • Current price: Bitcoin’s current price of $55,008.11 reflects a 1.28% increase, showing renewed market interest. Analysts consider this period an accumulation phase before the next major rally.

  • Factors driving price: Bitcoin’s price movements are influenced by supply scarcity from halving, macroeconomic factors, and growing institutional interest, including Bitcoin ETFs.

Related: Mark Cuban Warns Unrealized Gains Tax Will "Kill" Stock Market

Investors are closely monitoring Bitcoin’s price movements, expecting a potential peak above $100,000 by mid-2025 if historical patterns and market conditions hold.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results