Bitfinex Analyst Warns Of Potential Downward Trend For Bitcoin, Sees Crucial Support at $95,000

Following a substantial correction following Bitcoin’s January ATH, BTC has witnessed an impressive rebound. The coin surged by more than 50% to reach its new high of $111,880, only to enter a period of consolidation. Bitfinex analysts have published a weekly report analyzing the current market state, highlighting their concern over the potential for Bitcoin’s price to decline after reaching this recent record-breaking point.