• About
  • Contact Us
Friday, August 12, 2022
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
Cryptos Newz
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Bitcoin News

Bitcoin To Dip Much Lower Dealing With a Challenging Environment – Ross Mayfield

Crptoz by Crptoz
July 5, 2022
in Bitcoin News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Since April 5th, BTC has been falling below the falling resistance level. The range was recently rejected on June 7th, resulting in a low of $17,622 on June 8th.

Since then, there has been a slight increase in the price and it is now selling for around $20,000. The formation of three consecutive positive candlesticks on June 19, 23 and 4 is a bullish development.

However, previous BitMEX CEO Arthur Hayes believes that the latest price increase is the basis for the recent bearishness. Last week, the leading cryptocurrency had its lowest quarter not seen in over a decade, losing more than 50% of its value.

READ ALSO

Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News

Ethereum Classic Hits 4-Month High as Merge Approaches – Decrypt

analysts are skeptical

While several technical indicators suggest that Bitcoin has now touched its bearish base, other analysts remain skeptical.

According to Ross Mayfield, portfolio diversification analyst at Baird, a US-based global autonomous financial management firm, the value of bitcoin could be significantly lower. In a recent interview with Bloomberg, he argues that the world’s leading cryptocurrency is now facing a “challenging environment.”

Subsequently, according to Yasin Elmandjara of ARK Investment Management, the major cryptocurrency could struggle if the US Federal Reserve continues to hike interest rates.

On the other hand, while Glassnode experts question whether strong-arm financiers can keep up with the situation, Ross Mayfield, on-chain statistics and investor behavior analyst at Baird, echoed Glassnode’s prediction that the bottom is close.

Nevertheless, he thinks there will still be a downside risk to BTC due to the current macroeconomic environment, which includes the possibility of a crisis and further hikes in the Fed’s interest rates.

Conversely, noted venture capitalist and veteran cryptocurrency advocate Brett Munster noted that despite the price drop, bitcoin acceptance remains high, making this cycle different from 2018.

Was this writing helpful?


Related Posts

Bitcoin News

Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News

August 12, 2022
Bitcoin News

Ethereum Classic Hits 4-Month High as Merge Approaches – Decrypt

August 12, 2022
Bitcoin News

Web2 Social Media Sucks. Can Web3 Break the Disillusionment?

August 12, 2022
Bitcoin News

NFT Heists: Are Recent Attacks the First of Many to Come?

August 12, 2022
Bitcoin News

World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients – Featured Bitcoin News

August 12, 2022
Bitcoin News

Bitcoin: Is $25,000 the next supply level for BTC holders

August 12, 2022
Next Post

Crypto investor Sequoia Capital China reportedly raises $9 billion

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

May 20, 2022

Is Ethereum Price Suppressed by FTX Exchange?

July 11, 2022

Ethereum (ETH) And Mehracki (MKI) – Could be a Once in a Lifetime Opportunity For Huge Profit

June 22, 2022

Fantom’s failure to take off at $0.28 could see the price drop to below $0.1

July 4, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • Crypto Exchange Hotbit Suspends Service After Law Enforcement Freezes Its Funds, Subpoenas Senior Managers – Exchanges Bitcoin News
  • Ethereum Classic Hits 4-Month High as Merge Approaches – Decrypt
  • Web2 Social Media Sucks. Can Web3 Break the Disillusionment?
  • NFT Heists: Are Recent Attacks the First of Many to Come?
  • Home
  • News
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • Write For Us
  • Press Release
  • Web Stories
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.