Bitcoin Macro Retracement Meets Mid-Range Battle – Will Bulls Reclaim Momentum?

Robert Kiyosaki has issued a warning about an impending global financial crash that could reset valuations, emphasizing that Bitcoin remains outside the weakening financial systems. He suggests that traditional markets are vulnerable, and Bitcoin may serve as a hedge against this instability.

Strategy has successfully retained its position in the Nasdaq-100 index, a significant achievement for the company as it continues to bolster its reputation in the cryptocurrency sector. Michael Saylor, the company's founder, emphasized that Bitcoin hoarding will persist, reflecting a strong commitment to the digital asset. This retention is effective from December 22, following the annual rebalancing of the index.

Analysts have identified that the selling of covered calls by Bitcoin veterans is significantly suppressing the cryptocurrency's price, despite traditional ETF investors showing a willingness to pay premiums for long positions. This dynamic has dampened potential price rallies in the market.

Onchain data indicates that Bitcoin has found strong support near the $80,000 price level, with multiple cost basis metrics confirming heavy demand and investor conviction. This development highlights a significant moment for Bitcoin as it stabilizes after recent fluctuations.

Bitcoin mining revenue has remained low, with the hash rate showing resilience despite the challenging market conditions. This situation reflects the ongoing struggle of miners to maintain profitability as the hash price hovers near record lows.

Brazil's largest asset manager has recommended that investors allocate up to 3% of their portfolios to Bitcoin as a hedge against foreign exchange and market shocks, aligning with similar advice from global firms like BlackRock and Bank of America.

The Bitcoin market is showing signs of a trend reversal after a significant price correction, with recent data indicating a weakening bullish structure as inter-exchange liquidity reaches concerning levels. Following a 36.5% drop from its peak of $126,000, Bitcoin has rebounded to around $94,000, but indicators suggest this momentum may not be sustainable.