Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes
A crypto analyst believes that Bitcoin remains a very risk-on asset that is linked to the shifts in the macroeconomic landscape. Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory. This might have been due to macroeconomic uncertainty and political factors. Related Reading: Dogecoin Sees 95% Drop In Network Activity—Trouble Ahead? ‘Very Risk-On Asset’ Nicolle said in a Bloomberg TV interview that the current movement in Bitcoin is highly correlated with the changes in the macroeconomic landscape,....
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Strategy’s BTC holdings could be at risk following Technical expert Tony Severino’s revelation about Bitcoin’s current price action. The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point. Strategy’s Stock At Risk With Bitcoin’s 200-Day […]
A crypto analyst has shared the best time for investors and traders to reenter the Bitcoin (BTC) market, and it’s not April 13. Instead, he has set the next potential buy zone for next year, citing Bitcoin’s halving dynamics as a key factor behind his projection. As the current market prepares for another bout of […]
Crypto analyst Gargoyle has advised market participants not to buy Bitcoin until it sees high volume, which could mark the bottom. This comes amid BTC’s recent drop below the psychological $80,000 level, with the leading crypto at risk of another decline. Analyst Advises Against Buying Bitcoin Until Bottom Is Confirmed In an X post, Gargoyle advised against buying Bitcoin until the bottom is confirmed. He indicated that the BTC bottom forms when there is massive volume and that this massive volume hasn’t happened yet. The analyst alluded to the 2022/2023 cycle, when the capitulation spike....