Flow

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Kaspa

Bitcoin

<p>After surging briefly following the approval of Bitcoin futures ETFs in the U.S. on Wednesday, Bitcoin’s price momentum has slowed. As of Friday morning, Bitcoin is trading at around $46,100, down nearly 2% in the last 24 hours.</p>
<p>According to crypto analyst Ali, this shift in momentum may signal a broader cooldown for the crypto market. <em>“Could we be seeing a market top for Bitcoin?”</em> Ali <a href="https://x.com/ali_charts/status/1745741843281698946?s=20" target="_blank" rel="noopener noreferrer nofollow">asked</a> on X (Twitter). <em>“The Inter-exchange Flow Pulse (IFP), which tracks BTC flows between various trading platforms, has just fallen below its 90-day average. Historically, this shift often signals a bearish turn in the crypto market!”</em></p>
<p>The Inter-exchange Flow Pulse is a metric that tracks the flow of Bitcoin being transferred across major cryptocurrency exchanges. It gives insight into broader market sentiment and trading activity across platforms. A drop below the historical average suggests trading activity and market sentiment may be turning more negative.</p>
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<p>If the IFP decline persists along with further Bitcoin price drops, it could confirm the analysis that the recent market peak represents a temporary top. However additional factors would need to be weighed, but declining exchange flows adds evidence to the case for a more cautious crypto investing environment in the near-term.</p>
<p>From a technical analysis perspective, Bitcoin is facing major resistance around $49,300, which aligns with the 0.785 Fibonacci extension level. If buyers can push the price through this barrier, it could set up a run toward the next upside target around $53,276, corresponding to the 1.618 Fib level.</p>
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<p>On the downside, Bitcoin has established strong technical support in recent weeks around $41,000. This area has held consistently since early December, keeping the crypto markets stabilized.</p>
<p>A decisive break below the $41k floor would likely confirm a more definitive bearish shift in market structure and sentiment. For now Bitcoin appears rangebound between its upper resistance and lower support – the direction of the next major move may depend on whether bulls or bears can overwhelm key levels.</p>
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<p>The post <a href="https://captainaltcoin.com/this-bitcoin-indicator-signals-potential-top-for-btc-market/" rel="noopener noreferrer nofollow">This Bitcoin Indicator Signals Potential Top for BTC Market</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Bitcoin Indicator Signals Potential Top for BTC Market

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