cryptocurrency the biggest ones in the market Bitcoin (BTC) And Ethereum It continues to recover slowly and trade in narrow ranges due to investors’ cautious approach and indecision towards the market after the halving that took place over the weekend.
At this point, while it remains unclear in which direction the cryptocurrency market will move, new evaluations have come from analysts.
Speaking to Coindesk, analyst Thomas Kim said: “After the halving, market volatility decreased somewhat. Volatility over the last three days has been well below the volatility expected in BTC options, and investors may still need to monitor macroeconomic variables.” said.
“Bitcoin Investors Are Undecided!”
Asia-based crypto market maker Keyrock analyst Justin d’Anethan said that investors are indecisive and cannot decide which position (long/short) to take.
“It is an interesting market, although not very dynamic, from both a crypto and traditional perspective; “traders seem unable to enter into a bullish or bearish trend, as evidenced by the fact that prices remain stable.”
The analyst points out that there are a number of negative news weighing on the markets, including the SEC’s ETH his reluctance to approve ETFs, US President Joe Biden’s comments on cryptocurrency mining, and BTC ETFHe said that there were outbursts in ‘s.
“Last week’s pullback, caused by the intentional liquidation of some leveraged long positions, has eased the market.
“With the halving, crypto investors are not willing to give up on Bitcoin and altcoins and are likely setting themselves up for higher prices in the long run.”
*This is not investment advice.
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