Goldman Sachs Says Bear Market Is Not Over, Morgan Stanley Warns! Can Bitcoin Resist?

Goldman Sachs “The bear market is not over yet,” analysts said in a note to clients today.

Goldman Sachs global stock strategist Peter Oppenheimer led by the economists examining the data until interest rates peak next year.that a sustained recovery will not begin” warned about.

While Goldman Analysts expect the S&P 500 to end the year at 4000 points, they think that it can make a new low next year and will be more volatile.

Stating that the current bear market is predominantly driven by rising interest rates, analysts said that this situation is cyclically similar to the old bear markets and that interim rises are misleading.

“A regression cycle that historically took an average of 26 months and 50 months to fully recover with intermediate rallies”

An investor note that the bear market will continue came from Morgan Stanley.

Morgan Stanley analyst Lisa Shalett “This is not the start of a new bull market, but a bear market rally following inflation data,” he said in a report today. We advise you to be careful.” said.

Analysts think that they are aware of the positive atmosphere created by the positive data, but the impact of rising interest rates on the economy will be felt more intensely next year.

Impact on Bitcoin and Cryptocurrencies

Although our correlation with global stock markets has deteriorated over the past two weeks, Bitcoin is acting like a new technology stock. Therefore, developments in the S&P500 or Nasdaq will affect us as well.

If the crypto money markets, where the confidence has been shaken, also feel the pressure of the global markets, will the journey to new bottoms begin? We will be watching together.

In this sense bitcoin On the other hand, we think that the news flow is a little more important. This is positive news that will clear the clouds of bankruptcy and lift the market. bitcoin It might help turn it in his favour.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!


source site-5