TechFlow News: On February 10, according to a Cointelegraph article, Michaël van de Poppe, founder of MN Capital, noted that current market sentiment resembles that seen during the 2018 bear market and the March 2020 crash—potentially signaling a market bottom. CoinGlass data shows over $5.45 billion in short positions that could be liquidated amid rising prices, providing momentum for a rebound. However, Bitcoin remains trading below both its 50-day and 200-day moving averages, and selling pressure in the derivatives market is intensifying. Some analysts warn that prices could fall to $57,000—or even $42,000. Markets are now watching whether Bitcoin can hold its critical support level at $60,000.
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