Bitfinex says BTC is close to breaking out of a bear market

Bitfinex said two of the three conditions needed to support a Bitcoin uptrend have already been met, and the asset may be close to emerging from a bear market, according to CryptoPotato. Bitfinex said expectations for interest rate cuts and easing financial conditions are already in place. The exchange added that if capital flowing into tech-focused hardware and artificial intelligence markets spills over into crypto, it would naturally support further gains in Bitcoin, calling that the final condition for a sustained uptrend. Bitfinex added that favorable capital flows into the crypto market could help Bitcoin reclaim $70,000, while prolonged negative flows could send it down toward support around $57,000.