Crypto is currently in the midst of one of its worst bear markets. The first quarter of 2023 was surprisingly positive, with most
crypto assets fetching investors positive ROIs. However, with macro-weakness still prevalent, Bitcoin and altcoins failed to establish a strong rally.
암호화폐는 현재 최악의 하락장 중 하나에 있습니다. 2023년 1분기는 놀라울 정도로 긍정적이었습니다. 대부분의 암호화폐 자산은 투자자에게 긍정적인 ROI를 안겨주었습니다. 그러나 거시적 약세가 여전히 만연한 상황에서 비트코인과 알트코인은 강력한 반등을 이루지 못했습니다.
Bitcoin recently broke below its ascending channel, quashing the
recovery narrative. Over the next few weeks, it is imperative for BTC to continue collecting liquidity around the current levels. A failure to do so could result in a drop of up to $15,588 in the worst-case scenario. That being said, the asset will get a couple of chances around $21,351 and $18,126 to redeem itself.
In the event of a
recovery, BTC would first be tested at around $28,585. If it successfully breaks above, it could rise up to $31,804. However, given the current state of affairs and market sentiment, it doesn’t seem like this scenario will pan out anytime soon. Several analysts in the industry have brought to light the spot-derivatives volume imbalance. In fact, as analyzed in a recent article, any uptrend that has coincided with a spike in open interest has eventually faded. Analyst Dylan LeClair recently asserted that Bitcoin is going to ”maddeningly chop around” until either flows increase substantially or the supply gets sufficiently constrained for the current level of passive flows to send the market up.
복구가 발생하는 경우 BTC는 먼저 약 $28,585에서 테스트됩니다. 위를 성공적으로 돌파하면 $31,804까지 상승할 수 있습니다. 그러나 현재 상황과 시장 정서를 고려할 때 이 시나리오가 조만간 실현될 것 같지는 않습니다. 업계의 몇몇 분석가들은 현물파생상품 거래량 불균형을 조명했습니다. 실제로 최근 기사에서 분석한 바와 같이 미결제약정의 급증과 동시에 발생한 모든 상승 추세는 결국 시들해졌습니다. 분석가 Dylan LeClair는 최근 비트코인이 흐름이 크게 증가하거나 공급이 현재 수동적 흐름 수준에 맞게 충분히 제한되어 시장을 상승시킬 때까지 비트코인이 "미칠 정도로 삭감"할 것이라고 주장했습니다.
Also Read: Why is Crypto Crashing Down Today?
Bitcoin Historical Trend
비트코인 역사 동향
Whenever there is indecisiveness, looking at historical trends gives a fair amount of clarity. So, let us delve into the monthly performance to understand where Bitcoin currently stands on the path of
recovery.
Also Read: Dogecoin Averages +24% in Asian Hours but -15% During US Hours
또한 읽어 보세요: Dogecoin은 아시아 시간 동안 평균 +24%, 미국 시간 동안 -15%입니다.
Historically, September has been the worst month for
crypto assets. Since 2013, Bitcoin has closed in red 8/10 times. During the remaining two instances also, its returns were insignificant [2% and 6%]. Thus, with several gaps yet to be bridged, it does not seem like September 2023’s tale will be any different.
Also Read: When Will Shiba Inu Reach 1 Cent?
또한 읽어 보세요: 시바견은 언제 1센트에 도달할까요?