Does the Risk of Fall in Bitcoin Continue? Did Ethereum Meet Expectations? Analyst Commented!

Bitcoin While trading in a narrow range, investors BTC And in altcoins He is thinking about what the direction will be.

At this point, analysts generally state that they think there is a risk of decline in Bitcoin in the short term, while speaking to Coindesk FxPro senior market analyst Alex Kuptsikevich also commented on the price of BTC.

Stating that Bitcoin faces the risk of a short-term reversal after the recent price increases, Alex Kuptsikevich said that the BTC price has retreated.

“Bitcoin continues its selling trend, failing to make a new attack on the 200-day moving average.

Bitcoin has recently outperformed the stock market but is now pulling back against gains in the indices.

At this point, Bitcoin seems to be at risk of falling rather than rising in the short term.”

“Ethereum Performs Poorly!”

Commenting on Ethereum as well as Bitcoin, the analyst stated that ETH also showed poor performance.

Because BTC and ETH rose to their highest levels in recent weeks when futures ETFs started operating in the USA on Monday, creating a bullish expectation among investors.

However, ETFs did not meet expectations and their volumes remained weak.

At this point, the poor performance of Ethereum ETFs Bitcoin and ETH Alex Kuptsikevich stated that it puts pressure on the price “ETH is performing bearishly, contrary to expectations, and this performance does little to increase confidence in the top tokens.” said.

Bitcoin at $27,735 at the time of writing. Ethereum It continues to be traded at $ 1,634.

*This is not investment advice.