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Can Bitcoin Price Recover in the Coming Days? Analysis Firm Warns – “Instead of Chasing a Rally…”

Can Bitcoin Price Recover in the Coming Days? Analysis Firm Warns – “Instead of Chasing a Rally…”

BitcoinSistemiBitcoinSistemi2026/02/17 17:18
By:BitcoinSistemi
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Wintermute, a digital asset trading company known for its analysis of the cryptocurrency market, stated that Bitcoin has found technical support at a significant level, but clearer signals from the macroeconomic front are needed for a sustained upward trend.

According to the company’s report, while spot trading volumes continue to contract, leveraged trading has become the main driver of short-term volatility. The report states that the lack of long-term and “structural buyers” that can absorb selling pressure has created fertile ground for sharp price movements in both upward and downward directions in the market.

From a technical perspective, the Bitcoin price has historically found support around the 200-week moving average, a critical indicator. This level stands out as a significant threshold where bear market bottoms have formed in past cycles.

“Bitcoin’s Rise Depends on the Dissipation of Macroeconomic Uncertainties”

According to Wintermute, until a clearer picture emerges at the macro level, every recovery should be viewed as a risk-reduction opportunity rather than a “rally chase.” The company states that the crypto market’s return to a sustainable uptrend largely depends on the dissipation of macroeconomic uncertainties.

The report also noted that the 200-week moving average continues to act as strong support and that no structural damage has occurred in the market. This suggests that if macroeconomic uncertainties are resolved, the recovery could happen faster than current market sentiment anticipates.

In the short term, the market is expected to be slightly downward-trending, trading within a range; leveraged positions are dominant, and the $70,000 level continues to be a significant resistance point.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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