CoinShares’ Butterfill suggests ’continued hesitancy’ among investors

CoinShares’ Butterfill suggests ’continued hesitancy’ among investors
ôîòî ïîêàçàíî ñ : cointelegraph.com

2022-10-4 08:00

Matrixport’s head of strategy said he believes the market is currently in a “wait-and-see environment” but could shift after the U.S. mid-term elections in November.

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wait-and-see currently market environment could elections november

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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45