Bitcoin's Recovery Struggles to Continue as Domestic Investors Predict Box Range

According to a weekly survey conducted jointly by Coinness and Kratos on domestic investor market trends, 23.7% of respondents (down from 25.7% the previous week) expect Bitcoin to rise or surge next week. 33.8% (up from 28.4%) anticipate consolidation, while 42.5% (up from 45.9%) foresee a decline or sharp drop. The proportion expecting an upward move has decreased further, and bearish expectations have increased. Amid mounting macroeconomic challenges including the failure of the U.S. cryptocurrency regulatory bill Clarify Act and potential interest rate hikes, 42.7% of respondents believe Bitcoin's rebound will struggle to continue, predicting it will oscillate within a box range without clear positive catalysts. An additional 31.4% stated that the rebound has ended and a new downturn is underway, while 25.9% expect a healthy correction before an upward recovery.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: “비트코인 반등세 지속 어렵다”… 국내 투자자 42.7% “당분간 박스권”