Bloomberg Intelligence: Bitcoin has not really come out of trouble
On February 14, Bloomberg Intelligence released the February 2023 Encryption Industry Outlook. Bloomberg analyst Mike McGlone wrote on social media that the market is still worried about cryptocurrency and other risk assets. Investors are not sure whether the main risk assets such as Bitcoin are rebounding in the bear market or bottoming out. The price trend of Bitcoin in February is very challenging. Recently, it has begun to fall from the resistance level of $24000 to the support level of $21750, and is forming a terrible head and shoulder pattern, So on the whole, Bitcoin has not really come out of trouble.
Interpretation of this information:
The February 2023 Encryption Industry Outlook by Bloomberg Intelligence was released on February 14, and according to Bloomberg analyst Mike McGlone, investors are still concerned about cryptocurrency and other risky assets. The market is unsure if Bitcoin and other risk assets are rebounding from the bear market or hitting bottom. The price trend of Bitcoin in February has been difficult, as it recently fell from the resistance level of $24000 to the support level of $21750, leading to the formation of a head and shoulder pattern. Overall, Bitcoin has not entirely overcome its challenges.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/47313.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.