cryptd.in

另类 LinkedIn 适合加密人才

Unpopular Opinion: Bitcoin Faces Relentless Headwinds, Yet It Refuses to Break

Bitcoin peaked at over $126,000 last October, which now appears to be a lifetime ago since it trades below $65,000, representing a near 50% decline.

Although this sounds pretty painful, and it is, especially for those who entered at $120,000+, the reality might be more positive. Here’s why.

Is BTC Doing Better?

While most analysts are still focused on determining whether the cryptocurrency has bottomed yet or there’s another leg down in the cards, Michaël van de Poppe noted that the asset holds the 200-Week Moving Average and “refuses to drop deeper.” Moreover, he believes there’s not enough sell pressure at the moment despite all the negative developments surrounding the broader market (and mostly BTC) ecosystem.

First, he mentioned the war in Iran. The conflict that started on February 28 was supposed to have finished by now following the initial reports and comments by Trump. Progress was seemingly made over the past week as the POTUS announced a deal with Iran, which both sides confirmed. However, they failed to sign it, and the negotiations in Switzerland reportedly broke down on Sunday. The Strait of Hormuz remains closed, and Trump is back to making big threats.

Second, van de Poppe outlined the growing industry fears about STRC – Strategy’s shares used to raise funds and buy more BTC. The shares trade well below their par level, and there are some speculations that Strategy could become this cycle’s FTX or at least would have to sell a significant portion of its bitcoin fortune.

Third, there are the massive net outflows from the spot Bitcoin ETFs. As we have repeatedly 报告, investors are on a substantial selling spree, as the funds have ended in the red for six straight weeks, during which the cumulative total has declined by about $5 billion.

Lastly, the popular analyst highlighted the macroeconomic inflationary topic, as US inflation (and in many other regions) is increasing again, and there is a lack of rate cuts from the Fed. Furthermore, the central bank’s new Chairman remained highly hawkish after the most recent FOMC meeting.

We Are Done Already?

Given the aforementioned factors, BTC’s 50% drop from its top might not seem as bad as many think, especially since it has been able to hold above the $60,000 support. Consequently, van de Poppe noted that this is a sign that “we’re done already.” Additionally, he believes many altcoins are “showing resilience for the past month,” which is another “great” signal.

职位 Unpopular Opinion: Bitcoin Faces Relentless Headwinds, Yet It Refuses to Break 首次出现在 加密土豆.


评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (451) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (73) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接,希望与大家分享。