Cryptocurrency markets The expected rise for has not started yet, despite the end of August. However, after the last test of $ 65,000, investors are worried about deeper lows. A popular analyst It has further damaged morale with its short-term scenario. So what awaits us when we look at the empty side of the glass?
Cryptocurrencies Will Fall
There are many reasons for the rise, but cryptocurrencies still haven’t given investors what they want. On the other hand, a popular crypto analyst recently made a depressing prediction for the markets. The crypto commentator, known by the nickname Credible Crypto, is expecting a decline. Although it has risen by about 40 percent from the bottom, profit-taking is holding back bigger peaks. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“Credible Crypto”Binance “He wants blood,” he said and wrote the following;
“Since our local peak, Coinbase spot buyers have started buying again, but Binance spot buyers are selling 2x more. Futures open interest is quite high and there is a lot of liquidity below.”
Largest global exchange by spot market volume BinanceHe also drew attention to the interest in the futures side of the .
“If we lose $59,000 cleanly, I think we will be back towards the mid-$50,000s, if not lower.”
If the scenario he is targeting comes true, we may see altcoins that have not yet recovered to the desired extent experience deeper bottoms.
BTC Price Predictions
The analyst nicknamed Crypto Chase is still among those who look at the glass half full. According to him, the bulls still have a chance to make a comeback. This may be partly related to the fact that the markets that have been developing in favor of the bears for months have offered them very easy profit opportunities. We have always seen in history that sellers who see every peak as a short selling opportunity have turned the corner with a strong upward movement at some point.
QCP Capital says that U.S. fiscal policy has already begun pricing in interest rate cuts starting in September. Despite this, ETF Although BTC sees stable inflows in its channel, profit sales from Binance users are making things difficult.
BTC We will see how it will react to the interest rate cuts at the end of 4 years and how the November elections will affect the markets, but under normal conditions, the last quarter should be an increase according to this calendar.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
