Bitcoin, the leading cryptocurrency by market capitalization, seems to have entered a phase of consolidation above the $30,000 mark following a notable surge of over 10% on Tuesday. While the price movement has generated a lot of interest among investors, it remains uncertain whether Bitcoin will maintain its upward momentum or experience a pullback in the coming days. Bitcoin Uncertain Trajectory Ben Lilly, a well-known cryptocurrency analyst, and economist, recently shared his thoughts on the current state of Bitcoin’s price action and its potential future trajectory. In a recent analysis, Lilly dubbed the current price movement the “Larry Fink Pump,” referencing the recent announcement by BlackRock’s CEO Larry Fink regarding the company’s increased interest and application for a Bitcoin spot ETF. While the pump has caused some excitement among investors, Lilly notes that several factors could cause the rally to falter. Related Reading: Bitcoin Investor Sentiment Suggests BTC Rally Is Far From Over For one, Bitcoin has already wiped out the remaining high-leverage liquidity to the upside, and the Cumulative Volume Delta (CVD) spot seems to have ..
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