Are Bitcoin and Ethereum Ready for Rise? Bloomberg November Report!

bitcoinWhile the ‘s rise above $20,000 increases the activity in altcoins, are we turning in investors? excitement began to be felt.

While many on-chain data and technical indicators are signaling a return in Bitcoin, investors who trade according to macroeconomic data, that nothing has changed yet and that such small reactions are normal in oversold markets, the pressure on the market from the FED’s continued monetary tightening continues. he thinks he will.

Between these two extreme views, it is difficult to find which is correct. Here, the most beneficial move investors can make is to keep enough goods to sell when it rises, and enough cash to buy when it falls.

The correlation between Bitcoin and the US stock markets lies behind macro traders’ continued negative view of the market.

When Will Bitcoin Stock Market Correlation Be Broken?

In the Bloomberg Intelligence report, written by Bloomberg senior commodity strategist Mike McGlone, it was stated that cryptocurrencies could be positively differentiated from stock markets by drawing attention to this issue.

bitcoin and EthereumIn the report, it was stated that .

In the report, it was stated that the risk in cryptocurrencies is less against stock markets, and it was emphasized that this could turn into an advantage.

“Many of the risk assets got into turbulence as the Fed concentrated on tightening. However, the shading of cryptocurrencies gives signs for the future.

The performances of cryptocurrencies show a lower volatility compared to stock markets. This means that Bitcoin, Ethereum and other cryptocurrencies are ready to rise.”