otisbrown723
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Bitcoin and other cryptocurrencies have experienced a low volatility pattern, signaling potential falls. The price of one bitcoin has remained flat at around $25,750 over the past 24 hours, with gains from a brief jump above $28,000 last week. Cryptocurrencies are still trading sideways, with low trader sentiment and ongoing uncertainty about the market's regulatory environment, particularly in the United States, causing coldness in the market. Support may not appear until prices decline slightly more. Analyst Samer Hasn at broker XS.com reports this coldness persists in the market.
Bitcoin has experienced its lowest volatility on record and appears to be returning to that pattern. However, the same macroeconomic environment affecting equities is still exerting pressure on cryptocurrencies, as investors worry about inflation signals and the effect on interest rates, which affect demand for risky assets. Analyst Alex Kuptsikevich of FxPro predicts that until the $25,000 barrier is reached, buyers will hold off, as this has served as the tipping point for the past 14 months, and there is no true bull-bear war until this point is reached.
Bitcoin has experienced its lowest volatility on record and appears to be returning to that pattern. However, the same macroeconomic environment affecting equities is still exerting pressure on cryptocurrencies, as investors worry about inflation signals and the effect on interest rates, which affect demand for risky assets. Analyst Alex Kuptsikevich of FxPro predicts that until the $25,000 barrier is reached, buyers will hold off, as this has served as the tipping point for the past 14 months, and there is no true bull-bear war until this point is reached.
