Previously referring to the historical performance of August and Crypto Coins We have seen analysts for warning. Now Poppe has shared his warning for this month. The Bank of America CEO states that the risk of recession continues at the time of preparation. Well poppe Crypto Coins Why is he worried about August?
Crypto coins for August
We have just mentioned that the new moon will begin last week. After lining the justified reasons for the decline, what we saw was exactly as we expected. Moreover, Russia has become a new pressure element that feeds short -term concerns. This enabled some analysts to revise their forecasts for August.
Poppe is one of them. Analyst, especially due to possible breakage in the price of gold subcoins worried about. The increase in the price of gold means an increase in global tension and uncertainty. Poppe emphasizes this.
“Gold It seems likely to have a break in prices.
This will cause problems in the Altcoin markets in August, which is usually a bad month for risky assets. However, in these periods, the bottom levels are determined, which is the best time to accumulate. ”
Rager shared his short -term evaluation. He does not foresee for a whole month, but he thinks that there is a key support level that should be kept in $ 112,000. In the environment where $ 115,500 cannot be taken back, the downward risk becomes evident.
“If it breaks the lowest level of $ 112,000, it will probably fall to the $ 107,000-109,000 range. But then I’ll look at the lower levels, and I expect a leap there.
If he can jump in this region, he will try to rise again, but he must rise above $ 118,000 and remain above this level. ”
LTC Rise and News Trade
There is a new trend because they are great times for news -oriented trade. What is this trend? Saylor’s Bitcoin 
$114,988.95 So what he started for Crypto Money Reserve His story reached a completely different level today. Some companies think that they can capture more stock value increases with less cost by creating Altcoin reserves and get an involved idea.
DogThe first reserves have already been established for ETH, SOL and others. Now LTC moved for the move. So we’ll see that more public companies have created reserves for more Altcoin. This will cause prices to increase. So news tracking is much more important and Cryptoappsy The News tab of the application clearly shows you what the latest developments for Altcoin. This can bring you profit.
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.
