Cryptonian

12/19 10:13

Isthis the bull trap that will bring BTC below 14k

Bitcoin price slips as all gains get erased during the week.
BTC could slide further as the global outlook turns negative.
With more negative headlines from several corners, it looks likely that $16,020 is up for another test.
Bitcoin (BTC) price results from a very violent week regarding economic data and central bank speakers. Even without those elements, BTC has no reason to rally substantially higher as the global market situation on its own is deteriorating quite rapidly. Several news outlets and newspapers are reporting massive layoffs in the banking industry, and tech giants have already confirmed job cuts that mount over a million people out of a job worldwide. The Covid pandemic is spreading like rapid fire throughout China, threatening to halt the world's biggest producer againThe positive side of this is that a recession looks inevitable, which means that demand for commodities should start to diminish and see oil, copper and gas decline under falling demand. That, in its turn, is good news for households that will see the energy bill drop further and open up the disposable budget. Of course, a portion then can be relocated again towards investments, which is good news for cryptocurrencies, with BTC set to see an inflow of fresh investors by the middle of next year. Some pre-position in the first weeks of 2023 could bring Bitcoin price up towards $20,000 on the back of that motivation

#BTC преодолел отметку в $120 000!

2Share