The low appetite in the global markets was also reflected in the crypto asset market. Bitcoin tested below $20,000 again. Analysts stated that the inability of Bitcoin, which is traded just above $ 20 thousand, to not catch a significant upward output, increases the fear of decline, however, a possible decrease may create a buying opportunity.
The fact that Bitcoin, which is just above $ 20 thousand, has not been able to catch a clear upside, raises more anxiety among analysts.
The world's largest cryptocurrency tested $20,000 during the day. The MVIS CryptoCompare Digital Assets 100, which includes the top 100 tokens in Singapore, recorded 2.1 going days face-to-face.
“Most short-term techniques are believed to average a final “clean drop” before falling, Fundstrat technical strategist Mark Newton pointed out in a note Tuesday. First Danger $20.1 may be 49 years old to become one, while a pullback of 194$ is made for a retry of $17,592. Technically, there isn't much support below $17,592, before $12,500 to $13k; The business spends a place at this price for medium-term receivables to add products.” said.
Fundstrat commented, “You will still see the chance to buy for more drops for a good opportunity to buy.”
The crypto markets have been lived in in recent months with the story of an experience in detail. Crypto markets have bled in detail due to the fault of the Terra/Luna ecosystem, the problem with hedge Three Arrows Capital, and the target of withdrawals on platforms like Celsius, as well as announcements from the question like Crypto.com, Coinbase.
Cra Er, future market analyst for Oanda, said, “The fact that crypto has been relieved as it has stabilized from the necessities needed for the negative headlines over the past few months. "From wondering too much over what's quite a lot since no peak can be achieved over $20,000," he said.