King crypto currency At the time of the unit of the text is prepared, he finds buyers for $ 92,600 and the subcoins continue the day with the loss. The fluctuation in the price of BTC caused the losses of subcoins to suffer from possible new decline. Trump is calling to stop the attacks on Russia at the time of the article. So what does the meaning of 369 days for crypto currencies?
Bitcoin Historical Data
New week Bitcoin It started with a good rise, but with the determination of the $ 94,696 level as a peak, Altcoin gains reversed. Many crypto currencies continue the day with 3 %loss. We have been seeing sales for almost 5 months since the temporary rise period, which ended in December and triggered by the November elections.
So are the hopes of rise now? Quinten says that we have not yet reached the real summit in his latest assessment. According to him, the conditions for larger peaks are available and historical data, Bitcoin, says that the price of Bitcoin reached the summit 480 days after the Halving.
“On average, he peaked 480 days after Bitcoin Halving.
Already 369 days have passed since Halving. ”
Historical data tells us that we have yet to the top. Since it is fed from the news flow about the intermediate tariffs given to the rise, we should also accept that we do not pass a normal cycle process. However, the effects of tariffs on global economy are very large and the parties cannot fight for a long time. So we have to see the reconciliation.
Moreover this week ETFhas already been a net entry of $ 2.2 billion. BTC ETFThe increasing demand for their acceleration points to a new turning point after long -term stable sales.
Crypto Coins Decrease
Altcoins were painted again and this is not surprising. While the economic uncertainty continues, the statements made by the FED members frequently will not weaken this fear with interest rate cuts. Fortunately TrumpPowellHe will try to dismiss and ruin everything further.
Michael Poppe just shared the graph below and discussed the last fluctuation in the Altcoins.
“As the gold jumped upwards, there was a simple correction in the markets. The trend generally changed on gold and the trend changed on the subcoins.
As soon as this decrease continues, I think that more support for the Altcoin markets will come. ”
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.
