News center > 7*24H News > Featured > Context
FxPro analyst: Crypto market has not yet attracted dips and counter-trades
Editor
2025-02-21 10:16 9,881
Golden Finance reported that with the first net outflow of US Bitcoin ETFs last week since early January, the highly-watched cryptocurrency fear and greed index has entered the "fear" area, a sharp drop from its peak in November last year. Alex Kuptsikevich, chief market analyst at FxPro, said this is an indirect signal that the relatively stable performance of the market is suppressing investor sentiment. The most worrying thing is that at current sentiment and market cap levels, the market has not yet attracted dips and counter-trades. It is reported that Bitcoin technical analysis shows that it may form a so-called "death cross", that is, the short-term trend line falls below the long-term trend line, and some people are worried that this may indicate a plunge in Bitcoin prices. Bitcoin price once broke the $100,000 mark after Trump's victory, but is currently stagnant below this critical level.
Keywords: Bitcoin
Share to: