Bitcoin has experienced a four-week decline, marking its longest downward trend since June 2024, with a 24.43% drop, according to BitJie. Despite a weekend recovery, concerns persist as most digital asset funds trade below net asset value. The 10% depth spot bid-ask spread, a key on-chain indicator, has surged to its second-highest level in 2025, indicating increased buying interest.
Sean Dawson, research director at Derive, cautioned about a potential 'bull trap' and anticipates continued pressure on Bitcoin through 2025. He predicts a possible short-term dip to the mid-70,000 USD range before a recovery to 90,000 USD by year-end. The Federal Reserve's upcoming policy decisions, including the end of quantitative tightening on December 1 and a rate decision on December 10, are expected to influence Bitcoin's near-term path.
Bitcoin Faces Four-Week Decline Amid Market Concerns
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