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Bitcoin macro bottom ‘not in yet’ warns analyst as BTC price holds $30K

The worst is yet to come for Bitcoin price performance, multiple sources warn, despite the turmoil at Terra slowly passing.
Bitcoin (BTC) failed to clinch $31,000 by the Wall Street open on May 13 as new warnings forecast a continuation of the downside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar declines, stocks bounce at week’s endData from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after reaching just short of $31,000 earlier on the day.United States stock markets saw some relief, the S&P 500 up 2.2% and the Nasdaq gaining 3.3% on the open.The conspicuous exception was Twitter stock, which at the time of writing traded down 7.7% on the day, thanks to Elon Musk delaying his takeover bid.U.S. dollar index (DXY) 1-hour candle chart. Source: TradingViewIn parallel to the renewed equities strength came a declining U.S. dollar, with the U.S. dollar index (DXY) coming off fre

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We współpracy z: https://cointelegraph.com/news/bitcoin-macro-bottom-not-in-yet-warns-analyst-as-btc-price-holds-30k

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