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Bitcoin continues its descending spiral for the fourth day in a row and affects the floor of $ 83,387 28. Paradoxically, while small investors panic, the “whales” according to several market analysts significantly intensify their positions.
Great investors rely on an immediate jump from Bitcoins
The recent bitcoin drumming is part of the global global economic context. US stock markets underwent 28 March significant losses, with Dow Jones by 700 points and the S&P 500 decreased by 112 points. This current correction of traditional assets and crypto is not a coincidence.
The main cause of this widespread anxiety lies in the latest information on inflation. The expenditure index of February reached 2.8% (monthly increase of 0.4%), exceeding the forecasts of economists.
These figures immediately revived concerns about the restrictive monetary policy widespread by the American Federal Reserve.
In order to further complicate the situation, President Trump has recently imposed 25% reciprocal prices on imported vehicles and created another shock wave on the financial markets.
In particular, investors are worried about 2 April, which Trump christened the “day of liberation”, where other tariff measures should be announced, especially in pharmaceutical products.
Contradictory analyzes: between technical pessimism and whales
Technical analyzes of veteran trader Peter Brandt suggest that Bitcoin could continue to fall to $ 65,635. In the Brandt Social Network, he confirmed the completion of the “Reduction Horn” model and warning:
Don’t shoot messengers. See what the graphics say until it indicates something else.
The HTL-NL trader shares this pessimistic vision, thus emphasizing the inability of bitcoins to exceed the long-term descending trend line, which would confirm the return scenario to lower price levels.
Despite these unfavorable technical signals, however, the analyst Cole Garner reveals a particularly encouraging indicator: “Whales are currently released”.
According to Garner, long and short positions on Bitcoin Bitfinex exchange, a strong signal, which historically led to a yield above 50% “within 50 days”, has just caused.
This intensive activity of major investors could indicate that they will use this decline to accumulate BTC at reduced prices.
In parallel with these market turbulence, the US regulatory environment is still improving in crypts. On March 28, David Sacks, AI and Krypto heads in the White House, appreciated the clarification of FDIC (Federal Deposit Insurance Corporation) regarding the ability of banks to engage in cryptocurrency -related activities without prior announcement regulatory organization.
In short, the abyss between pessimistic technical analyzes and the activities of the main investors could create an opportunity for wise investors to see outside the daily fluctuations and stand up in anticipation of the spring potential.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.