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Matrixport: Bitcoin may enter a short-term consolidation phase in the near future
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2025-01-08 17:02 3,737
Golden Finance reported that Matrixport released today’s chart saying that fluctuations in global liquidity may put some pressure on Bitcoin. Historical data shows that liquidity changes typically lead Bitcoin price movements by about 13 weeks. As the U.S. dollar strengthens following Trump's re-election, global liquidity in U.S. dollars has begun to tighten, suggesting that Bitcoin may enter a consolidation phase in the near future. However, this consolidation is expected to be temporary. Overall, risk assets (especially Bitcoin) still show positive long-term potential. Nonetheless, traders should exercise an increased degree of caution in weaker liquidity environments, as these indicators have historically proven to be reliable market indicators.
Keywords: Bitcoin
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