Bitfinex Analyst: Bitcoin May Experience a Short-Term Pullback; Lacking Strong Catalysts Could Make It Difficult for Bitcoin to Reach New Highs

BlockBeats News, June 10, according to a report by Cointelegraph, Bitfinex analysts stated, "The risk of a short-term correction in Bitcoin is growing, especially in the absence of strong catalysts driving Bitcoin to clearly break through its current all-time high."

Without robust macroeconomic or structural upward catalysts, Bitcoin is highly susceptible to short-term pullbacks, particularly in scenarios where long-term holders decide to distribute their holdings in favor of strength. Bitcoin holders are now facing a critical decision on whether to sell. Market participants who have been holding Bitcoin since Q1 2025, even as prices significantly dropped below $80,000, are now being tested as Bitcoin consolidates near its historical highs.