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

21Shares Cryptocurrency Strategist Matt· Mena stated that considering the randomness of short-term trends, it is difficult to predict the performance of Bitcoin. He said that cryptocurrencies respond to major catalysts such as macroeconomic data, central bank decisions, and regulatory developments. However, Bitcoin also has the ability to; Very technical features; Therefore, compared to traditional assets, chart level plays an important role in their trend. Another factor to consider is that it trades 24/7 on a series of globally dispersed exchanges, each with varying levels of liquidity. This, coupled with the increasing involvement of algorithms and on chain data signals, means that price trends may sometimes be driven by technology, positions, or automated strategies rather than fundamental news.