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Trading King

06/16 15:42

Examining how Bitcoin’s investors are holding

Examining how Bitcoin’s investors are holding up despite global FUD and panic

There seemed to be lack of intense selling pressure on centralized exchanges.

  • Bitcoin fell below $106k, making its short-term bias bearish
  • On-chain metrics highlighted a lack of massive sell-offs, which meant investors were comfortable holding on
Bitcoin [BTC] fell below the fair value gap
at $106.5k – A sign that its short-term bias was bearish at press time. In fact, it appeared likely to fall towards $102.5k and as deep as $100k next. A breakdown below $100k may be unlikely though.

Geopolitical tensions and the possibility of war are growing by the day as nations exchange missiles in the Middle East. Inflation has slowed down in the U.S, but it is not yet at the Federal Reserve’s target rate. Tariffs and economic uncertainty have also been looming. These factors have led investors to flee towards gold as a store of value.

Despite the FUD in traditional markets, Bitcoin has remained strong above the $100k-mark. This means that investors are increasingly treating the crypto asset as a store of value.1750088088008.png


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