Bitcoin's Critical Window: Analyst Predicts Only Two More Weeks of Risk

28.04.2024 00:43 88 times read Reading time: 2 minutes 0 Comments

Bitcoin (BTC) Almost Over the Hump? – Analyst Sees Only Two More Weeks of Risk

According to a recent report from Cointelegraph Deutschland, the critical phase for Bitcoin may soon be over. A market analyst predicts that there is at most a two-week window in which major price declines can be expected. Despite recent weakening of the Bitcoin price and capital outflows from Bitcoin ETFs, the expert remains optimistic.

How Bitcoin, Ripple, Bitcoin Cash, and Ethereum are Performing at Noon

As reported on finanzen.net, the major cryptocurrencies are showing different movements. While the price of a unit of Bitcoin has slightly fallen, Ripple also recorded a decline of 0.5148 USD from the previous day's value. Ethereum, however, shows minor losses compared to the previous day.

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Bitcoin: The Role of Banks and the Importance of ETFs with @Blocktrainer • news • onvista

In a discussion on onvista, experts such as Roman Reher (Blocktrainer) and Richard Dittrich discussed various aspects concerning Bitcoin, including its relationship with banks and central banks as well as the impacts of new financial products like ETFs on the market.

Bitcoin: Cryptocurrency Continues Price Slump a Week After Halving

manager magazin reports on ongoing price fluctuations in Bitcoin a week after the so-called "Halving". The article discusses possible reasons for this volatility including macroeconomic factors such as high interest rates in the USA which could make alternative investments more attractive than investing in Bitcoins.

In Summary,

despite temporary setbacks, interest in digital currencies remains high. Various analyses suggest that both institutional and private investors remain active in dealing with these new technologies – whether through direct investment or innovative products like ETFs.

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