Are the Tides Turning for Bitcoin in the Cryptocurrency Market?
This week’s Mаrket Outlook takes a dive into BTCUSD analyzing if a rally could be in our future. As the crypto trading world keeps a close eye on the recent aggressive decline of Bitcoin, technical indicators hint at a crucial turning point.
But what exactly is causing this excess supply of coins to flood the market? And who could benefit from this potential shift? Join us as we dissect on-chain analysis, explore the strategies of short-term holders, and consider the savvy moves of long-term investors and whales.
We examine key economic events that could sway the crypto market, including US jobless claims, Fed speeches, and Chinese inflation rates. Don’t miss out on these valuable insights – your cryptocurrency portfolio may thank you.
Michael is a financial content manager at Exness. He's been investing for around the last 15 years and trading CFDs for about the last nine. He favors consideration of both fundamental analysis and TA where possible.
