Bitcoin shows bearish engulfing pattern: Bitcoin’s recent weekly chart displays a bearish engulfing pattern, which raises concerns about potential downward trends. Historical patterns indicate volatility could escalate during price discovery phases, thus traders should proceed cautiously.
Economic factors influence Bitcoin’s volatility: Comments from the Federal Reserve regarding fewer interest rate cuts in 2025 have intensified market unease. While some traders are selling off, long-term Bitcoin holders remain optimistic about the currency’s inherent value.
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