A cryptographic analyst believes it Bitcoin It remains a very risky asset associated with changes in the macroeconomic landscape.
Emily Nicolle, Bloomberg’s cryptographic reporter, gave her Bitcoin when the first -born cryptocurrency fell by 13% and entered the bear’s territory. This could be due to macroeconomic uncertainty and political factors.
“ Very risk of assets ”
Nicolle said on Bloomberg television interview The fact that the current Bitcoin movement is highly correlated with changes in the macroeconomic landscape, adding that everything that happens on Wall Street can affect cryptocurrency.
The cryptographic reporter explained that investors can never ignore the influence of the macro -environment on Bitcoin, saying: “Everything that happens with actions that also knock on the crypto.”
Nicolle described Bitcoin as “very risk resources.” “So, when confusion happens in S&P 500, you’ll also see it in Bitcoin. And it definitely catapult – she added.
The analyst added that in addition to the macroeconomic environment, the cryptocurrency sector went through a complex period. “We had a Hack 1.5 billion last week. We had some confusion in terms of what is happening in politics, “she continued.
Just a little over a week ago, the cryptocurrency stood up setback After a group of hackers from North Korea stole around $ 1.5 billion in the be Bybit cryptography, which can be the greatest hacking of cryptocurrencies in history.
“As for what people expect that they will continue, it is still very in the air, as Bitcoin can work even nowadays,” Nicolle said in an interview.
Political uncertainty
Nicolle also noticed that political uncertainty is another factor introducing Bitcoin in the bear’s territory. The President of the United States Donald Trump swore the establishment clearer recipes about cryptocurrency, but they were not fulfilled.
“Some of the things that Trump promised to do on the campaign trail has not yet arrived, and these are such catalysts that we are looking for as potential advantages for Bitcoin in the coming weeks, such as the Bitcoin strategic reserve,” she explained.
The cryptographic analyst pointed out that the macrosen is very heavily burdened with Bitcoin’s potential. “If we don’t get any move, if things don’t start looking elsewhere, Bitcoin will still be downstairs,” she predicted.
Carefully observing the $ 70,000 sign
Nicolle said that cryptography traders carefully observe the $ 70,000 sign, which is a key psychological and technical support zone.
“We all look at around $ 70,000 at the moment. So, if it still falls, which should be expected in the current environment, this is the next point where we will start thinking. This is where a lot of risk happens – she explained.
The analyst described Bitcoin as “a tide that raises all boats”, so when it increases, other cryptocurrencies will also enhance. “But these smaller cryptocurrencies are stronger when there is a hustle and bustle. In comparison they are much more unstable – she added.
A distinguished picture from Fairplanet, TradingView chart
