BTC price After testing $65,000, it fell below $64,000 again, but the outlook is positive. In general, we are transitioning to a new period where many fundamental problems have been eliminated. This may allow us to experience a last quarter where the risk appetite in altcoins increases even more and prices rise with the revival of demand.
Cryptocurrencies Comment
BTC With the increase in price, we have seen a 40% increase from the lowest level of the month. Vaccine sell-off days create buying opportunities in crypto. For example, last year’s banking collapse or the global recession fears we saw a few weeks ago. Although these fueled fears that the price could make much bigger lows, they were a buy signal for experienced investors. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Of course, there may be rare days like the pandemic collapse where losses exceed 50% are experienced. Cryptocurrencies have consolidated for almost half of the year. Although it is boring, such long consolidation periods can be followed by big upward movements in uptrends. We may experience a similar process in crypto.
Crypto Predictions
If there is no abnormal change in the data on the macroeconomic front, in the scenario where inflation continues to fall and remain low, the Fed will reduce interest rates steadily. Although it is difficult to be convinced of this Fed now aware that the risks of excessive tightening are triggering employment alarms. For investors, this process will herald a new era of cash surging in risk markets.
On the other hand, Germany, Mt Gox The elimination of problems that pumped supply into the market, such as the elimination of problems that pumped supply into the market, is another reason that increases optimism about the last quarter. However, the revival of demand in the ETF channel will ensure that the already shrinking supply in the stock markets will now trigger a supply shortage.
But before all this BTC The price needs to break this year’s record high, closing above $70,000, and turn it into support. Below you can see the September performance for previous years, and historically the picture is not that gloomy.
Of course cryptocurrencies is always full of surprises and bad, unexpected events can happen that will surprise investors and pull the markets down. For now, in many ways, it seems like a reasonable scenario that things will go in favor of crypto investors as we approach the last quarter.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
