您现在的位置是:Pro: the recent rally in Bitcoin may not be ‘sustainable’ >>正文
Pro: the recent rally in Bitcoin may not be ‘sustainable’
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6659人已围观
简介Katie Stockton expects a pullback in Bitcoin price ahead.She explained her “neutral” vie...
- Katie Stockton expects a pullback in Bitcoin price ahead.
- She explained her “neutral” view on CNBC’s “Squawk Box”.
- Bitcoin has climbed roughly 40% since the start of 2023.
Bitcoin has now surpassed the key $23,000 level but Katie Stockton of Fairlead Strategies continues to recommend caution as the recent rally could reverse just as easily.
Stockton defends her stance on CNBC
Year-to-date, the first ever decentralised cryptocurrency has gained about 40% – a strength she says is an opportunity for investors to pull out.
Reiterating her “neutral” stance on Bitcoin, Stockton said this week on CNBC’s “Squawk Box”:
When you see such strong, steep rallies, they’re more characteristic of countertrend moves. At one point, we had 14 consecutive up days this month for BTC. So, we’re sceptical to its sustainability and see it as countertrend.
The upcoming week is a crucial one for Bitcoin because of the Fed’s announcement. The CME FedWatch Tool currently signals a more than 98% probability of a 25 basis points hike this time.
Bitcoin has broken above its 200-day MA
Also on Sunday, a top trader and analyst, Peter Brandt warned of a near-term pullback in BTC. Others, including Michael van de Poppe and Credible Crypto have a similar opinion as well.
Interestingly, Bitcoin is now trading meaningfully above its 200-day Moving Average. Still, Katie Stockton said:
This has happened before and it proved to be a false breakout. So, we’re not convinced we have a breakout here. But it’s an incremental positive. We hope this manifests in our longer-term indicators which still very much point lower.
She’s not particularly constructive either on the benchmark S&P index that’s up more than 6.0% for the year at writing.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/15399.html
相关文章
Watch: Figure 101 humanoid robot learns to brew coffee
Pro: the recent rally in Bitcoin may not be ‘sustainable’By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The human...
阅读更多
FTM price up 2% as Fanrom CEO tells community all is OK
Pro: the recent rally in Bitcoin may not be ‘sustainable’Fantom (FTM) plunged more than 16% on Sunday, dropping as lows as $1.38 as negative sentiment cut ac...
阅读更多
Yuga Labs scores $450M in a seed round funding led by a16z
Pro: the recent rally in Bitcoin may not be ‘sustainable’Yuga labs recently announced the planned launch of Otherside, a metaverse powered by ApeCoinPart of...
阅读更多
热门文章
- CoinLinked To Raise $5 Million Via A Regulated STO
- PolyU unveils cooling ceramic: 99.6% solar reflectivity
- Members of Spain’s Congress Receive Crypto for Project
- Cardano's price soars following Alonzo news
- UMA Protocol price up 13% as bulls aim at $18 high on Coinbase Pro trading launch
- Uniswap (UNI) shows strength in recent days
最新文章
Where to buy Loopring as LRC gains 45%
NASA's Lucy mission gears up for milestone engine burns
Instagram will be the first Meta platform to get NFTs
Tropicana turns its back on AI, rebrands as 'Tropicn'
The best places to buy Alchemy Pay tokens: today’s hottest cryptocurrency
Where to buy TriumphX: TRIX rallies 708%, breaks resistance