Prolonged debt limit talks in the US along with stocks bitcoin It also brought a drop in cryptocurrencies, including.
As investors wonder if the decline in Bitcoin, which has slumped as low as 25,800, will continue, the asset management firm Valkyrie Investments He said that the decline in BTC could continue.
This point was developed by the Japanese journalist Goichi Hosada in the 1960s. “Ichimoku Cloud” Using the indicator, Valkyrie analysts noted that the “Ichimoku cloud” indicator on Bitcoin’s daily chart shows a bearish trend.
Analysts at Valkyrie, led by Chief Investment Officer Steven McClurg, said in the report:
“At Bitcoin, the data shows a bearish trend in the near-term while the bullish momentum continues in the long-term.
In this context, BTC could see another drop towards $24,000 as the Ichimoku Cloud indicator in Bitcoin shows a bearish trend.”
The leader who made a tremendous entrance to 2023 cryptocurrency unit of bitcoin Due to the FED’s renewed hawkish stance during the year, the recovery in the dollar index and the ongoing US debt limit uncertainty, it fell by about 10% this month to $26,300 in May.
BTC At the time of writing, it continues to trade at $ 26,373.
*Not investment advice.
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