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Will Bitcoin (BTC) Rise?
The market analyst, who is closely followed by crypto investors, said that we are now very close to the summit in the latest current situation assessment. This name has been giving similar warnings for a few days, but BTC surprisingly manages to stay above $ 30,000.
Crypto analyst Justin Bennett said:
“The more I look at the charts, the more convinced I am that we are in (or very close to) the top for stocks. When I combine the charts with solid US numbers (gross domestic product, employment, consumer confidence, etc.) and bullish-looking 10-year yields, I'm betting the Fed will raise more than the markets expected and keep rates higher for longer.
This statement can backfire wildly, and if I'm wrong, I'll stand behind it. But stocks have skyrocketed over the past few months (and years). When the music stops, don't hold the bag in your hand."
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