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André Holkosch, the Head of European research, believes that the price of Bitcoin may represent a sign that we have seen in the past.
Key points:
I am Latest post on x (formerly twitter)DraSh explained that the market is starting to resemble the most dangerous recycling centers seen in the early days of the Covid pandemic.
“The last time I encountered a recovery problem that was at such a high risk this was a hanging epidemic,” he wrote, the fall in the price of Bitcoin in March 2020 from $ 8,000 until panic spread around the world.
Draosh explains that the similarity today is not related to the health problem (epidemic), but to the way the price of Bitcoin is moving, while its money is also moving – according to the financial sky is happening.
He said the digital currency appeared to be “reflecting” what he described as a very pessimistic view of global growth from 2022, a period driven by US Federal interest rates. He added: “Bitcoin represents an empty universe, and the market has already taken on a lot of critical issues.”.
Recent Trends Support This Opinion when the overall trend has weakened significantly, with the price of bitcoin declining with the last 30 days, according to the currency of the previous 30 days, according to the currency of the last 30 days, according to the currency of the letter.
After hitting an all-time high of $125,100 on October 5, the price of Bitcoin began a long-term decline following the wave of $19 billion on Trump’s declaration that we are crazy.
The situation worsened in mid-November when the price of Bitcoin fell below $ 100,000, a level that many traders consider to support the fundamental sentiment. Although the price fell slightly to $ 90,000 on November 20, buyers quickly intervened, raising the prospect that the price had blossomed.
Croushh believes that this hope can be distorted, because he believes that the growth of the whole world can change as a part of the economy after the part of Covid-19, as he said: “I honestly believe we are facing an economic environment similar to what we saw after Covid.”.
According to what has been published, CA Cancedi Wood – CEO of the transport of Ark – is expected that the problems that occur within a few weeks, which are controlled by three changes that are expected to take place at the end of the year.
His company continues to buy a lot of Crypto customers even after the worst, because it raked in more than $93 million in a single day this week through the platform. At the seminar, the board pointed to three temporary restrictions that it hopes will be decided quickly because of the decision to use the government.
Wood hopes that the feeding will end the stimulus method at the meeting of December 10, which will solve another important factor in the account of the loose people, they will return this money to the financial system.
Post Brief Analysis: Bitcoin (BTC) is repeating the recovery pattern that emerged during covid he started first Cryptows Arabic.