Deribit analyst: Bitcoin may have further downside
This article is machine translated
Show original
Odaily Odaily News Deribit analyst Anand Raj released a report saying that Bitcoin is still under the control of the supply zone of $61,700. This has led to a break in the demand zone on the lower time frame. In addition, although the latest 13F filings show that major asset management companies have exposure to US Bitcoin spot ETFs, bullish sentiment has not increased significantly. Therefore, the price of Bitcoin may continue to be resisted by the supply zone on the higher time frame, indicating that there may be further room for downside.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content