Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Rally May Stall Before Next Move, Says Matrixport

Bitcoin Rally May Stall Before Next Move, Says Matrixport

Coindoo2025/07/29 23:00
By:Coindoo
Bitcoin Rally May Stall Before Next Move, Says Matrixport image 0

Bitcoin may be heading into a temporary cooldown, according to crypto financial services firm Matrixport.

In its latest report, the company suggests that a short-term correction could be brewing—even as broader economic signals remain supportive of risk assets.

Matrixport’s analysts point to waning momentum in technical indicators, noting that Bitcoin’s recent rally has pushed the RSI into overbought territory. With the price now hovering near $120,000, they suggest a retracement toward the $106,000–$108,000 zone could form the base for the next leg higher.

While the firm sees $122,000 as a reasonable short-term target, they argue that the market needs to “reset” before attempting another breakout. A correction, they say, wouldn’t break the broader uptrend that began at $16,000 nearly 18 months ago.

Falling U.S. inflation and growing expectations for a Federal Reserve rate cut have been positive tailwinds for crypto, but Matrixport cautions that overly bullish sentiment could lead to volatility . A stronger signal from the Fed may come as soon as the July 30 FOMC meeting, though September remains the more likely pivot point.

Despite the short-term caution, Matrixport emphasizes that the long-term bullish structure remains intact, though traders should be wary of potential double-top formations following steep rallies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

UBS doubles Q2 profit on strong gains in investment banking and wealth management

Share link:In this post: UBS reported $2.395 billion in Q2 profit, more than double last year’s figure. Investment banking revenue rose 25%, and wealth management income jumped 12%. Net interest income hit $1.965 billion, with steady performance expected in Q3.

Cryptopolitan2025/07/30 12:35

Eurozone posts 0.1% growth in Q2 despite global trade uncertainties

Share link:In this post: The Eurozone economy grew by just 0.1% in Q2 2025, beating flat expectations. Germany’s output shrank 0.1% while Spain and France posted stronger growth. Trade tensions with the U.S. and new tariffs weighed heavily on Q2 performance.

Cryptopolitan2025/07/30 12:35
Eurozone posts 0.1% growth in Q2 despite global trade uncertainties

S&P 500 heads into historically tough stretch after best rally since 2020

Share link:In this post: The S&P 500 is entering August and September, its historically weakest months, after a 28% rally. Wall Street is watching Jerome Powell’s Fed decision closely for signs of rate cuts or delays. Hedge funds using long-short strategies saw strong returns and $10 billion in inflows in early 2025.

Cryptopolitan2025/07/30 12:35
S&P 500 heads into historically tough stretch after best rally since 2020