Bitcoin Price Outlook: Bullish and Bearish Predictions Clash

Citing BitJie Wang, Bitcoin's price has shown signs of recovery, rising above $90,000, but the crypto community remains deeply divided. Some analysts view the rally as a temporary rebound, while others argue the bull market is still intact despite a 30% recent decline. Market analysis firm OxChain highlights that the current downturn lacks typical signs of a market peak, such as hype or speculation. The drop in stablecoin issuance and ETF inflows has reduced buying activity, while derivatives traders have scaled back positions. Market liquidity remains fragile, with thin order books causing significant price swings from mid-sized orders. Institutional investors have also seen heavy ETF outflows, further weakening the market. OxChain concludes that while overall bullish sentiment persists, short-term volatility and uncertainty are expected to continue until a strong catalyst emerges.