According to Matrixport analysis, Bitcoin $79,984.07It is predicted that the current price correction may continue until March and April. Bitcoin price fell below 80,000 dollars last day, while the wave of sales in global markets was effective.
World Economic Developments and MatrixPort Report
The Matrixport report stated that macroeconomic trends and central bank policies are important in determining the Bitcoin price trend. In the statement below, details about the analysis were given:
Matrixport: “This analysis becomes even more important with the fact that Wall Street investors follow daily macro data.”
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The decreases in the US stock indices were observed with the loss of 7.05 %of the Nasdaq 100 in the last five days. S&P 500 and Dow Jones experienced similar backward. The US dollar became a safe port preferred by investors during the financial turmoil. While the DXY index rises, the US customs duties on Canada, Mexico and China have decisive effects on markets.
The decline, which is worried about continuing in March and April, may cause more losses in subcoins. Particularly after BTC rapid decreases, the Altcoins, waiting for a return, experience greater losses after delayed feedback. This is worrying for the subcoins that declined to their bottoms last year.
Buy the bottom
While some investors in the markets are trying to evaluate price decreases with the strategy of “buying at the bottom”, the increase in this statement was recorded in social media sensitivity. Investors closely follow short -term market reactions and approach to the bottom levels.
Bitcoin ETF entrances and interest in these products have been observed to support the orientation of long -term investors to the market. This may create clues for market balance.
General assessments indicate that Bitcoin prices may continue to correct the correction and strengthen the US dollar may affect this transformation. Investors are advised to review risk management strategies in the light of macroeconomic data and international 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.
