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Bitcoin (BTC) Facing Massive Headwinds Despite Ongoing Rally, Warns Crypto Analyst Nicholas Merten – Here’s Why
Analyst and trader Nicholas Merten has reservations about Bitcoin (BTC) despite the flagship crypto asset’s massive rally over the past week.
merten vertel his 511,000 YouTube subscribers that although the Bitcoin-to-Nasdaq stock index correlation looks bullish, the macro environment is unfavorable.
“I definitely have to say that this chart right here, the Bitcoin-to-Nasdaq, ratio is what has gotten me most excited. Seeing that we’ve been able to get above the 200-week and 200-day moving averages is definitely a really positive sign.
Maar soos ons hier op die laaste verhandelingsdag gesien het, het ons baie van daardie winste vervaag. Ek moet sien dat dit hier kan hou, want volgens die geskiedenis, wanneer ons opstaan in hierdie reeks [bo $25,000 XNUMX], hou dit nie baie lank hier nie.
And we are in a macro environment that for a more risk-on asset like Bitcoin, where its onramps are being talked about in question when it comes to regulators shutting them down… we have the banking infrastructure around these assets crippling as we speak. Where is that liquidity going to come from?
Ek sê nie kleinhandelvolume en spekulante en net algemene beleggers wat langtermyn-hodlers dit nie kan aandryf nie. Maar ons het nog nie eens die tipiese regstelling van 'n tipiese kripto-beermark gesien nie.”
Volgens Merten sal BTC waarskynlik in die komende weke deur makro-ekonomiese faktore verpletter word.
“I just don’t see how Bitcoin is going to do very well in this environment. And until we start seeing a more continued deviation of Bitcoin away from the Nasdaq where it’s continuing to lead, I can’t be too confident just yet.”
Bitcoin is trading at $26,665 at time of writing, up by about 35% since March 10th.
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Moenie 'n maat mis nie - Teken In om krypto-e-poswaarskuwings direk in u inkassie te kryGaan Price Aksie
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Vrywaring: Menings wat by The Daily Hodl uitgespreek word, is nie beleggingsadvies nie. Beleggers moet hul omsigtigheid doen voordat hulle 'n hoërisiko-belegging doen Bitcoin, kripto-geldeenheid of digitale bates. Let daarop dat u oordragte en transaksies op eie risiko geskied, en dat u verantwoordelikhede verloor. The Daily Hodl beveel nie die koop of verkoop van kripto-geldeenhede of digitale bates aan nie, en The Daily Hodl is ook nie 'n beleggingsadviseur nie. Let daarop dat The Daily Hodl deelneem aan filiaalbemarking.
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