Crypto Analysts See Mixed Signals as Bitcoin Hovers Near $105K
The post Crypto Analysts See Mixed Signals as Bitcoin Hovers Near $105K appeared on BitcoinEthereumNews.com. Dominick John, an analyst at Kronos Research, asserts that surpassing $100,500 indicates strength, but the structure is fragile. The Chief Executive Officer of Hashkey Eco Labs, Kay Lu, also asserted that Bitcoin is currently at a delicate range near key support levels. In the last week, following Donald Trump and Elon Musk fallout, the crypto market showed some recovery, taking the price of Bitcoin near $105k. The data from CoinMarketCap shows that BTC is steady at $105k over the last day. But the analysts speculate that the current level at which the largest cryptocurrency is hovering is not stable. Dominick John, an analyst at Kronos Research, asserts that surpassing $100,500 indicates strength, but the structure is fragile. The Fear and Greed Index is at 55, indicating a mixed sentiment. And, most investors are in a wait-and-see mode, waiting for a macro trigger or confirmation of the trend. The Chief Executive Officer of Hashkey Eco Labs, Kay Lu, also asserted that Bitcoin is currently at a delicate range near key support levels. In this stage, nervous investors could easily panic and sell off their holdings when they witness any bearish news event. At the same time, the price support above $105k of Bitcoin has been supported by many prominent institutions and market players adopting BTC. Institutional Players Playing Prominent Roles Min Jung, a Presto Research Analyst, reveals that the largest cryptocurrency has been backed by BTC for corporations going after Strategy’s playbook. Not a long ago, Trump Media and Technology Group announced plans to set up a corporate Bitcoin treasury having an offering of $2.5 billion, which GameStop followed by buying 4,710 BTC to pile up its treasury. The prominent players like Strategy and Metaplanet continue to back BTC. Strategy has recently announced its $1 billion perpetual preferred stock offering of…
The post Crypto Analysts See Mixed Signals as Bitcoin Hovers Near $105K appeared on BitcoinEthereumNews.com.
Dominick John, an analyst at Kronos Research, asserts that surpassing $100,500 indicates strength, but the structure is fragile. The Chief Executive Officer of Hashkey Eco Labs, Kay Lu, also asserted that Bitcoin is currently at a delicate range near key support levels. In the last week, following Donald Trump and Elon Musk fallout, the crypto market showed some recovery, taking the price of Bitcoin near $105k. The data from CoinMarketCap shows that BTC is steady at $105k over the last day. But the analysts speculate that the current level at which the largest cryptocurrency is hovering is not stable. Dominick John, an analyst at Kronos Research, asserts that surpassing $100,500 indicates strength, but the structure is fragile. The Fear and Greed Index is at 55, indicating a mixed sentiment. And, most investors are in a wait-and-see mode, waiting for a macro trigger or confirmation of the trend. The Chief Executive Officer of Hashkey Eco Labs, Kay Lu, also asserted that Bitcoin is currently at a delicate range near key support levels. In this stage, nervous investors could easily panic and sell off their holdings when they witness any bearish news event. At the same time, the price support above $105k of Bitcoin has been supported by many prominent institutions and market players adopting BTC. Institutional Players Playing Prominent Roles Min Jung, a Presto Research Analyst, reveals that the largest cryptocurrency has been backed by BTC for corporations going after Strategy’s playbook. Not a long ago, Trump Media and Technology Group announced plans to set up a corporate Bitcoin treasury having an offering of $2.5 billion, which GameStop followed by buying 4,710 BTC to pile up its treasury. The prominent players like Strategy and Metaplanet continue to back BTC. Strategy has recently announced its $1 billion perpetual preferred stock offering of…
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