Bitcoin’s price recently hit a peak of $111,875 but has since consolidated below $110,000 after significant investor profit-taking. This retreat reflects a brief slowdown in the cryptocurrency market. A recent sale volume of approximately $11.4 billion last month suggests this pause. However, the Moving Average Convergence Divergence (MACD) on Bitcoin’s weekly chart has turned bullish, signaling potential positive momentum in the market. Despite this, analysis reveals short-term holders are selling portions of their holdings, creating a conflict with the bullish MACD signals. Investors remain cautious amidst bearish divergences and conflicting MACD signals. Some traders are shifting to alternative cryptocurrencies (altcoins) for diversification during this period of uncertainty. The broader market faces potential price fluctuations influenced by macroeconomic factors such as rising U.S. interest rates, impacting cryptocurrency prices. QCP Capital highlighted these risks, urging investors to focus on assets with clear regulatory and structural foundations for stability. Bitcoin’s technical indicators show parallels to past bullish patterns, as seen when Bitcoin surged past $70,000 last year. While current technical indicators display cautious optimism, echoing past market trends despite bearish divergences. Experts from Kanalcoin see potential for further gains if these bullish signals persist. They suggest Bitcoin’s capacity for upward movement based on solid market data. Past occurrences indicate possible growth even amid macro risks. **Disclaimer:** This website provides information only and is not financial advice. Cryptocurrency investments carry significant risk. We do not guarantee accuracy and are not liable for losses; therefore, investors should conduct their own research before investing.