Why Can’t Bitcoin Rise? Why Did the Rally Pause? Analyst Explained the Ignored Reasons!

Bitcoin (BTC) Even though it exceeded the critical level of 100 thousand dollars, the cryptocurrency market has been dominated by a decline in recent days.

At this point, while the BTC price has been moving in a price range between 90 thousand and 100 thousand dollars in recent weeks, the experienced analyst explained why the Bitcoin price could not rise.

Markus Thielen, founder of 10X Research In a note to clients, he said that the slowdown in liquidity inflow to the market and Nvidia’s stalled rally may be hindering Bitcoin’s rise.

Firstly spot Bitcoin ETFStating that the liquidity flow to the cryptocurrency market through channels such as ‘s has slowed down significantly, Thileen said that this situation hinders the upward momentum.

Stating that technical indicators other than ETFs also show that net liquidity inflow to the cryptocurrency market is slowing down, the analyst said that another obstacle to the rise is Nvidia He stated that it was.

Accordingly, the analyst believes that the upward trend of Nvidia (NVDA), a pioneer in artificial intelligence and risk assets, will pause. BTC and said that it also prevented the rise in cryptocurrencies.

“This slowdown in liquidity growth may explain why Bitcoin is struggling to maintain levels above $100,000.

Another overlooked reason is the slowdown in the upward trend in the shares of chip manufacturer Nvidia (NVDA), the world’s largest company. BTC and NVDA bottomed in late 2022 and have had a strong positive correlation ever since – except for summer. However, NVDA’s uptrend has lost momentum since mid-November. “This is the second reason that prevents the rise of Bitcoin.”

Bitcoin continues to trade at $97,780 at the time of writing.

*This is not investment advice.