Cryptocurrency strategist: Bitcoin's trend may be difficult to predict

Cryptocurrencies react to major catalysts such as macroeconomic data, central bank decisions, and regulatory developments. However, Bitcoin also has a "very technical nature," so chart levels play a significant role in its movements compared to traditional assets. Another factor to consider is that it trades 24/7 across a globally dispersed network of exchanges, each with varying levels of liquidity. This, combined with increasing algorithmic participation and on-chain data signals, means that price movements can sometimes be driven by technical analysis, positioning, or automated strategies rather than fundamental news.