As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report.
What Happened: The Federal Reserve’s hawkish stance, coupled with broader macroeconomic headwinds, suggests a year of heightened caution for traders and investors, 10x Research report on Friday stated.
“Some indicators we monitor suggest that the air is getting thinner,” the report cautioned.
This sentiment now looms larger, with Bitcoin’s recent failed wedge breakout putting its bullish momentum in jeopardy.
Traders are advised to remain vigilant as these technical signals highlight increased risks for the cryptocurrency.
The situation highlights a broader narrative: Bitcoin’s ability to maintain its support level depends on external factors that may no longer be favorable.
One of the more striking concerns is the diminishing impact of MicroStrategy‘s (NASDAQ:MSTR) aggressive Bitcoin accumulation.
The company has spent $16 billion acquiring approximately 159,000 BTC since November.
While this announcement initially sparked optimism, Bitcoin’s price …
Full story available on Benzinga.com