After the Bitcoin price reached $ 98.200 on Friday for a short time, it declined with low liquidity and increasing macro uncertainty at the weekend. While significant fluctuations are observed in price movements, investors take cautious steps.
Bitcoin price decrease
Bitcoin declined on Saturdays and Sundays and fell below $ 96,000. This decline following a powerful rally with corporate supported on Friday reflects the market environment, which has difficulty in finding support.
Bitcoin on a weekly basis showed an increase of 4.5 %, while its 30 -day performance was 12.8 %, ETF inputs and US companies were supported by BTC collection. Nevertheless, the uncertainty and decrease in the process of resistance points to the market conditions that exhibit a cautious approach to investor sensitivity.
The fact that Ethereum cannot remain above $ 1,900 and the decrease in the volume of futures in the leading stock exchanges shows that short -term market risks are increased. This reveals that investors generally act more cautiously.
Analyst Demark’s warnings
Tom Demark, the owner of the TD Sequental indicator, expressed the possibility of reaching the peak point in the US stock exchanges and the possibility of a large -scale decline. The analyst reports that the index is carefully monitored by the existing weakness signals.
“A summit is close. Too many technical blows have been taken.” -Mark.
Demark argued that two new closing summits in the S&P 500 index will sign the trend in reverse turn. In his analysis, he stressed that the market may be at risk depending on global trade conditions and liquidity.
In the United States, Trump’s steps to soften in tariffs and interest cuts have a positive impact on the general market atmosphere. As a result of these developments, the correlation between Bitcoin and S&P 500 increased, while the sensitivity of crypto beings to classical market movements became evident. However, the markets are again worried days before the Fed meeting.
Bitcoin’s target of $ 100,000 requires closely monitoring of market sensitivity in the light of increasing global uncertainties and economic indicators. Investors are trying to plan their steps by considering both technical signals and macro developments.
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.
