HawkInsight

  • Contact Us
  • App
  • English

Analysis: Bitcoin has entered a seasonally weak area, and market confidence has not diminished "

According to online reports, according to Cointelegraph, although Bitcoin fell back to around US$105,000 in the short term, market sentiment remained strong. According to CoinMarketCap data, BTC fell about 1.79% during the day to $105,560, while the CryptoFear&Greed index remained in the "greedy" range, with a score of 63, down only 1 point from the previous day. Analysts pointed out that although Q3 is usually the weakest quarter for the crypto market, the current market is still optimistic. CoinGlass data shows that the average increase in Bitcoin Q3 since 2013 has been 5.47%. If this trend continues, the price is expected to be close to the all-time high of US$111,000 at the end of this quarter.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More