The times are rough for the sektor kriptovaluta as a whole, including its largest asset by market capitalization – Bitcoin (BTC) – which has been struggling to hold support above the $19,000 mark for some time now, leading crypto analysts to try and predict its future behavior.
Kako se to dešava, Kaleo, popularan kripto trgovac and the co-founder of LedgArt, has suggested that Bitcoin could reduce its correlation with the berza. The analyst drew this conclusion using tehnička analiza (TA) to compare the performance of the flagship crypto to other assets in a cvrkut oktobra 14.
Prema Kaleo's objašnjenje:
“Not only does Bitcoin look solid vs USD, it’s on the verge of breaking above a key otpor in the lower accumulation range it’s been stuck in the past four months.”
The crypto analyst emphasized that this means that the decentralized finance (Defi) asset’s present activity “should give it a clear shot to outpace SPX back to the 2017 ratio ATH and higher.”
At the same time, Bitcoin volume seems to be climbing to bull market levels, increasing since August 1, with volume in USDT “going parabolic,” as primećeno by the crypto analyst behind the Bitcoin arhiva twitter account on October 14.
Bearishness on the other side
U međuvremenu, InTheMoneyStocks.com chief market strategist Gareth Soloway suggested that Bitcoin would likely correct further towards $3,500 in what he called the ‘worst case scenario’. Interestingly, he also cautioned that the divergencija from the stock market would not come any time soon.
Earlier, Solloway also expressed his medvjed belief that the price of Bitcoin might sink “another leg lower to $12,000 to $13,000,” because “when you see the dollar continuing to stay at 20+ year highs, and it continues to grind up, it just kills all risk assets.”
Analiza cijena Bitcoina
As things stand, Bitcoin is currently trading at $19,598, up 3.10% on the day, but still down 1.93% across the previous seven days.
At the same time, Bitcoin’s market capitalization at press time stood at $375.68 billion, according to CoinMarketCap podaci koje je preuzeo finbold oktobra 14.
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Source: https://finbold.com/bitcoin-could-outpace-stock-market-back-to-the-2017-ratio-heres-why/