Bitfinex Sees Bear Market Exit for Bitcoin as Two Key Conditions Met

Bitcoin's (BTC) bear market could be nearing its end, according to Bitfinex. The exchange stated that two out of three conditions needed for a bear market exit have been met. Interest-rate cuts and easier financial conditions are already in place, which are the first two conditions.

The third condition is for capital from tech hardware and artificial intelligence markets to shift into digital assets. If this happens, it could support gains in Bitcoin. Bitfinex believes that if fund flows turn favorable for the digital-asset market, Bitcoin could break above $70,000.

However, if fund flows remain negative, Bitcoin could fall to around $57,000. This is a possibility according to Bitfinex's forecast trend report.