Is Bitcoin’s Sell-Off Finally Running Out of Steam?

After a period of intense volatility and a significant pullback from its all-time highs, the cryptocurrency market is asking if Bitcoin has finally found a floor. Recent data suggests that the aggressive selling pressure may be dissipating. Technical indicators like the Relative Strength Index (RSI) are hinting at oversold conditions, while long-term “HODLers” appear to be accumulating once again. Despite outflows from spot Bitcoin ETFs in recent weeks, the underlying support levels around key psychological marks remain firm. Analysts point to a shift in market sentiment from “extreme fear” toward a more neutral stance, suggesting that the worst of the liquidation phase might be over. However, macroeconomic factors such as upcoming Federal Reserve decisions on interest rates continue to loom large, potentially capping immediate upside gains. While a rapid “V-shaped” recovery isn’t guaranteed, the stabilization of price action suggests that the sell-off is indeed losing its momentum, paving the way for a period of consolidation.

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