Bloomberg senior analyst Mike McGlone pointed to the risks of reversal by comparing Bitcoin (BTC) to its current situation at $7,000.
McGlone posted on his official social media account on May 22. in the shipmentBitcoin 52 weeks drew attention to the importance of the moving average downtrend stressed. The analyst also of the year 2020 seen at the beginning $7,000 from the levels to moving average Despite the right uptrend, the current situation prone to downward trend stated that.
in sharing, The US Federal Reserve (FED) tightening monetary policies. of your determination in return indicated to strengthen the possibility.
McGlone, in retrospect, 15 thousand dollars up to the level regressing than average moving away of cryptocurrency first return to the mean and later April per month 30 thousand to dollar level soaring than average that you went away revealed.
In this context, May 19th on 27 thousand at dollar level process see Bitcoin too to the average right one probability of return indicating that the analyst, in the past 52 weeks on the direction of the average price one of the determining factors noted that he was one.
McGlone, on the other hand, at the end of 2019. 7 thousand dollars around Bitcoin high One liquidity inflow with start to appreciate drawing attention in the price increase of the liquidity inflow an important point underlined that.
On liquidity Fed’s tightening money not reversing their policies as long as recovery cannot be seen implying that the Fed’s recent banking failure, falling commodity prices And to the slowing economy despite decisive He said he didn’t give up on his stance.
According to Coinecko data, the latest 30 days in %one depreciating bitcoin, end 24 hours in 1.6% as of writing by experiencing the rise $27,374 traded at the level.