Why Bitcoin is down today: Market overconfidence triggers crash

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Bitcoin experiences a correction as bullish sentiment rises, ETFs see inflows, and bearish patterns emerge.

Bitcoin sentiment spikes with ETF inflows, but analysts warn of a bearish head and shoulders pattern.

Santiment noted that the market has historically moved against crowd expectations, signaling a potential continuation of this correction.Santiment’s analysis from last Friday indicated growing confidence among Bitcoin traders, following a 22% price surge over the past three weeks. These institutional inflows come as market participants await the U.S. Securities and Exchange Commission’s decision on pending applications for spot Bitcoin ETFs.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 22. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

BlackRock ETFs to maneuver market volatility ahead of electionThe 2024 US presidential election is less than two months away and Wall Street is only expecting markets (^DJI, ^IXIC, ^GSPC) to be wrought with more market ...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »