Will Clemente says Bitcoin’s consolidation period remains uncertain; draws parallels with 2020 price action

Bitcoin Price

The post Will Clemente says Bitcoin’s consolidation period remains uncertain; draws parallels with 2020 price action appeared first on Coinpedia Fintech News

Will Clemente, Co-Founder of Reflexivity Research, explained that Bitcoin is widely recognized as a hard money asset, with the case for investing in Bitcoin clearer than ever. He mentioned how Larry Fink has publicly supported Bitcoin, solidifying its thesis. However, when considering investments further along the risk spectrum, questions arise about the value of various altcoins, especially those with market caps in the $1-2 billion range. 

In a conversation with Anthony Pompliano, Will said that Bitcoin is currently consolidating just below its all-time highs. He noted that the duration of this consolidation is uncertain, with some referring to it as a “sideways summer.” The price action resembles late 2020 when Bitcoin consolidated below $20,000 for a while before breaking through. 

He explained that many sellers at previous highs are looking to offload their holdings at break-even points, and it is uncommon for markets to break through all-time highs without facing some rejections. Additionally, he pointed out that derivative traders often get leverage long at key levels, only to be flushed out before the market stabilizes and moves forward.

Will added that while ETFs provide an interesting narrative for the market, they are not the ultimate determinant of market direction. He explained that daily ETF inflows and outflows are not reliable indicators for predicting market movements on a day-to-day basis. The general trend of ETF flows is important, but one day’s data doesn’t offer forward-looking insight. 

He pointed out that ETF flows are often a reflection of market activity; for instance, net outflows occur when the market declines because people are selling, and inflows happen when the market rises due to buying. He said that looking at broader trends, such as a 7-day moving average of ETF flows, is more useful for understanding the market’s direction and potential second waves of movement.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
Why is Toncoin (TON) Rising Today?
The post Why is Toncoin (TON) Rising Today? appeared first on Coinpedia Fintech News Today, March 16...
READ MORE
default post thumbnail
Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000?
The Bitcoin price has shown good signs of recovery over the past few days, briefly returning above t...
READ MORE
default post thumbnail
Bitcoin’s Cup And Handle Pattern Signals Explosive Move To $186,000 — Analyst
Popular market analyst Egrag Crypto has dropped a Bitcoin price prediction due to the recent formati...
READ MORE
default post thumbnail
XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader
The XRP price could be staging a parabolic rally to new all-time highs of $110. While an analyst sha...
READ MORE
default post thumbnail
Chainlink Price Shows Signs Of Recovery — Why $15 Is The Level To Watch
The Chainlink price has had its fair share of the early-2025 struggles, falling to a new low just ab...
READ MORE
default post thumbnail
Shiba Inu Price Prediction: 2 Top Cryptos to Invest in for Even Bigger Returns Than SHIB’s 9x Potential in 2025!
Remittix has already made waves by generating over $13.8 million in presale and selling over 518 mil...
READ MORE
Read more posts