Crypto currency Investors woke up to another nightmare due to the price of BTC, which declined to 88 thousand dollars. The losses in the subcoins have caused the price to decline in the previous bottoms. A popular analyst made hopeful statements by comparing the current situation with the history of the SP500 index.
Will crypto coins rise?
BTC finds buyers at 88,900 dollars at the time of preparation. While the total value of the crypto currencies decreases to the previous peak point, Mousache still continues to expect hopeful. According to him, what I see for the SP500 in the graph below will soon repeat for BTC.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
“The double hill – bear trap.
S&P 500 Already showed the way.
BTC can he do this too? “
Donalt evaluated the latest situation as follows.
“This low range test was done, this is still not unusual.
If we close the lowest level, I think we will have a leap next week.
Nevertheless, I think that the most sane game expects only 100 thousand dollars to be withdrawn and if it happens. ”
Solana (left)
Left coin Refer to the recent decline, and now the losses have increased even more after a significant withdrawal in the price of BTC. Even during the rise periods, we experienced such sudden decreases. However, the market pushes investor psychology more than ever. The fact that the bear markets have not ended in the subcoins for years and that they cannot see the effect on the graph despite all the good news.
Altcoin Sherpa sharing the above graph Left coinHe said I don’t think he’s dead.
“LEFT It is not a bad area for starting scaling for this process. I don’t think the left is ‘dead’ and will eventually come back. I think $ 90- $ 125 is a good area in general, but you will have to have some fluctuation and be patient with this. ”
Binance CEO, Richard Teng, wrote that the last market decline should be seen as “not a last but tactical retreat” before wiping it in seconds. While Trump fueled recession concerns with customs tariffs, short -term inflation expectation is strengthened. And on February 28, we see a surprise on future PCE data may cause greater fluctuation. Perhaps the markets are waiting for greater negativity in the Fed’s inflation indicator.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
