BTCUSD: Bulls continue to dominate?
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Hello, my wonderful friends of Karina! It's great to see you all again for today's exchange and conversation session!
Currently, in terms of trends, Yat Siu, the founder of Animoca Brands, has stated that the exchange-traded fund (ETF) will drive up the price of Bitcoin. The BTCUSD market is currently divided into two factions, sellers and buyers, and they are still fiercely battling it out, but it seems that the buyers have a slight advantage.
Although the price is not increasing as strongly as before, there are still clear signs of stability in the upward movement. Last week was a significant period with macroeconomic developments that were considered highly supportive of the cryptocurrency market. Employment data in the US is weakening, wage growth is slowing down, and the Federal Reserve has made relatively moderate statements.
This has helped the market to continue experiencing some bullish movements from altcoins. However, Bitcoin (BTC) remains the decisive factor in the market race in recent weeks. The price of BTC has surpassed the key resistance level of $32,000 and reached a high of $35,800 per BTC, as many people believed.
As for me, Karina, I am still in favor of price increases. What about you?
Currently, in terms of trends, Yat Siu, the founder of Animoca Brands, has stated that the exchange-traded fund (ETF) will drive up the price of Bitcoin. The BTCUSD market is currently divided into two factions, sellers and buyers, and they are still fiercely battling it out, but it seems that the buyers have a slight advantage.
Although the price is not increasing as strongly as before, there are still clear signs of stability in the upward movement. Last week was a significant period with macroeconomic developments that were considered highly supportive of the cryptocurrency market. Employment data in the US is weakening, wage growth is slowing down, and the Federal Reserve has made relatively moderate statements.
This has helped the market to continue experiencing some bullish movements from altcoins. However, Bitcoin (BTC) remains the decisive factor in the market race in recent weeks. The price of BTC has surpassed the key resistance level of $32,000 and reached a high of $35,800 per BTC, as many people believed.
As for me, Karina, I am still in favor of price increases. What about you?
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