the good ones US economic data for Decemberparticularly inflation, have boosted the price of some ‘cryptos’ hard hit in 2022especially in the final stretch after the bankruptcy of FTX. However, despite this bullish rally experienced by cryptocurrencies at the beginning of the year, in which Bitcoin accumulates a raise of 25% Y ethereum of 30%some analysts maintain skeptics.
“Every time bitcoin goes up u$s1,000 or u$s2,000people begin to proclaim that it is a bull market and what has been touched bottom. Let me be clear: it is not. We continue in a bear market Y bottom has not been reachedNot yet,” he asserts. Teeka Tiwarianalyst of Palm Beach Research Group (PBRG) in dialogue with Bolsamanía.
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This expert in cryptocurrencies remember that, although some metrics suggest that the market “He is regaining his balance after spending a year in a brutal winter”the short-term outlook “is a little more cloudyalthough the long-term trajectory continues intact”.
Bitcoin continues to face headwinds, such as mass layoffs In an increasingly difficult macroeconomic environment, the legal problems of gemini and Genesisand the possible creation of a subcommittee focused on the cryptocurrencies by the US House of Representatives.
Source: Ambito
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