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Santa Came Early In Crypto? Bitcoin Rally May Have Passed
Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has stalled.
Nezvekunyora uku. Bitcoin is moving between $16,900 and $17,100. The cryptocurrency still maintains profits from its previous week, but today’s trading session has leaned towards the downside.
Mutengo weBTC unofamba uchienda padivi pane chati yezuva nezuva. Kwakabva: BTCUSDT TradingviewNo Christmas Miracle For Bitcoin?
Mune ichangoburwa yemusika update, yekutengesa dhesiki QCP Capital yakasimbiswa the positive performance of Bitcoin and Ethereum in December. These digital assets have been closely following the trajectory of the stock market.
Kambani iyi inotenda kuti equities yanga ichiratidza simba kumashure kweiyo inogona kunge iri US Federal Reserve (Fed) pivot. Sangano rezvemari rakaratidza kuenzanisa mutemo wayo wezvemari uye kuderedza chirongwa chayo chekukwira kwemhindu.
This potential change triggered “strong” bullish momentum for the stock market, allowing Bitcoin and Ethereum to rise 13% and 22% in the past two weeks. Despite the collapse of FTX in November and the fear of contagion, its value is almost back to October levels.
Muchirevo chechinyorwa chino, vatori vechikamu pamusika vakakurumidza kusheedzera kupera kwemusika webheya, asi QCP Capital inoti pane zvikonzero zvekuchengetedza bhizari. Semuenzaniso, data yakasimba yehupfumi kubva kuUS inogona kutsigira Fed kuti ienderere mberi kwayo yekusimbisa mutemo.
QCP Capital yakataura zvinotevera maererano neazvino mutengo chiito mumusika wemari wenhaka uye maitiro ayo pamusika wecrypto:
Nepo vazhinji vari kuti BTC neETH imari yakarembera uye inofanirwa kutamba, asi isu tinozviona sezviyero zvine zvakakosha uye zvichakurumidza kudzoserwa kumashure.
Thus, the possibilities of the stock market pushing down on Bitcoin and Ethereum are high. There are indications of possible downside pressure for stocks, crypto, and risk on assets.
Muongorori Caleb Frazen akanongedzera kuVIX index; chiratidzo chinoshandiswa kuyera kusagadzikana mumisika yemari yenhaka. Metric iyi yakapa zano rakasimba revanotenga zvinhu zvine njodzi muna 2022. Muongorori uyu akati:
Iyo CBOE Market Volatility Index #VIX yakadonha pazasi makumi maviri svondo rapfuura, asi yatangisa kumusoro nhasi! Sezvandakagovera kubva muna Nyamavhuvhu, zano repamusoro ra20 rave:
• Tenga zvinhu zvine njodzi kana $VIX> 30
• Tengesa zvinhu zvine njodzi kana $VIX <20
Regardless of the bullish expectations, the crypto market might see more selling pressure in the coming weeks. This month’s Federal Open Market Committee (FOMC) will shed more light on the direction of the macroeconomic landscape and the landscape for risk-on assets, such as Bitcoin.
Original source: NhauBTC