The market reaction was mixed, as much of the content of the minutes had already been anticipated by Lael Brainard the day before, but despite the fact that the reaction was expected to be less strong at one point, Bitcoin succumbed to the uncertainty. and fell back below $45,000. In principle, analysts assure that the cryptocurrency could suffer more blows in the short term and rush towards the support zone between $40,000 and $42,000. In this way, Bitcoin broke below the bullish line in a month.
“The long term remains favorable and there is clearly a lot of support for cryptocurrency, but the environment is not helping”, commented Craig Erlam, an analyst at Oanda consulted by Bolsamanía, trying to send a signal of relief to the markets. He also strikes a reassuring note that the broad recovery from January lows remains intact, analysts say.
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Source: Ambito
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