Foreign media: CNBC quotes the strategist ' s view that bitcoin is near a critical technical position. Part of the analysis suggests that if the market continues to be weak, there may still be a deeper reversal of prices.
Technical position pressure
The recent movement of bitcoin has been the focus of market attention. The report mentions that the strategists view the current zone as an important observation location and that subsequent fluctuations may increase if the support is not matched.
Respond to expected warming.
According to the article, some analysts gave a cautious judgement that Bitcoin was not free of pressure. If the sale continues to prevail, the price may be subject to further exploration.
The market still looks like business and money.
In such situations, changes in the volume of transactions, the flow of funds and the holding of stocks usually affect short-term performance. The report did not provide a new catalyst and the focus remained on the price structure itself.