2025-02-19 23:00:22 by NewsBTC

Analysts reported that the crypto community is witnessing a decline in the buying pressure for Bitcoin, pushing the firstborn cryptocurrency into negative territory. However, some market observers noted that not all is lost in the recent slide of Bitcoin, saying what seems to be an unfavorable condition offers opportunities for long-term investors. Downward Trend Analysts said that a weakening buying pressure on Bitcoin might be a cue that the crypto is entering a downward trend phase with some observers saying that BTC is already within the negative pressure zone. “Bitcoin’s buying pressure has decreased over the last 60 days, allowing room for selling pressure,” Joao Wedson, Founder & CEO of Alphractal, said in a post. Bitcoin’s buying pressure has decreased over the last 60 days, allowing room for selling pressure. Negative regions present two opportunities: 🔸Favoring short positions 🔸They signal that the downtrend may continue or has occurred, creating an opportunity to accumulate BTC. pic.twitter.com/dApRsS9Ihf — Joao Wedson (@joao_wedson) February 17, 2025 Crypto analysts noted that this condition might lead to a decline in price which could be both good and bad for digital assets traders. Data shows that Bitcoin is having a hard time maintaining a bullish momentum as its price hovers around $95,912 per coin. Two Opportunities Wedson said that BTC has been experiencing a decline in buying pressure in the last two months, noting that the market shift could offer something positive to its investors. “Negative regions present two opportunities,” the CEO noted. He enumerated that among the opportunities is “favoring short positions” which could be a good sign for traders. Another bright spot is the weakened buying pressure that indicates the “downtrend may continue or has occurred, creating an opportunity to accumulate BTC.” In other words, the current condition of Bitcoin could give investors a chance to build their BTC portfolio by buying more coins. BTC is now trading at $96,007. Chart: TradingViewThe Buy/Sell Pressure Delta Chart In a post, Wedson presented two charts of the Buy/Sell Pressure Delta to illustrate the shifting dynamics between buying and selling activity in Bitcoin, which has been going on in the past 60 days. Wedson explained that if the market is dominated by sell pressure, investors can take advantage of the downward momentum by entering short positions. According to historical data, negative pressure zones usually align with a continued decrease in price, a potentially profitable opportunity for traders betting on further price declines. Meanwhile, the Alphractal executive showed in the graph that a high sell pressure commonly indicates a bearish sentiment, adding that this is a great opportunity for long-term traders to increase their BTC holdings. Analysts explained accumulating more Bitcoin during this period allows long-term investors to position themselves for a future recovery. “The decrease in buying pressure is a significant factor to consider. While short positions might seem attractive in a downtrend, the potential for accumulation also presents a compelling long-term strategy,” a crypto investor commented on Wedson’s post. Bitcoin might continue to be at risk of further decline if the buying pressure remains weak. Featured image from The Independent, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. 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