Analysts at Matrixport say one of their trading signals has turned bearish for Bitcoin for the first time since August 2023. In a blog post on Jan. 8, the Singapore-based crypto management firm warned traders that a decline in Bitcoin’s (BTC) price should be expected within the “next two weeks” given that the breakout attempt could fall short. As the crypto market has reached a consensus that the U.S. Securities and Exchange Commission (SEC) will approve spot Bitcoin exchange-traded funds (ETFs) by Jan. 10, smart money might use the approval for profit taking, analysts at Matrixport warn. The warning comes just a few days after Matrixport said in a blog report that “it might even be a very long shot to expect”.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Commenti