January 28, 2022

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Bitcoin, Cryptocurrency Drops Below $50: This Is Why It Matters. Loretta Napoleone analysis

Cryptocurrency shooting days in particular for Bitcoin, which fell below within a week 50 dollars It stops a short distance from 40. Why are these numbers important? Because according to Wall Street experts, they form support and resistance points for Price fluctuations. Therefore, we are in a new phase where the latter is likely to take a breather: they will stop going up and maybe go down again.

Reasons: lack of willingness to take risks, Omicron variant re-launched safe haven assetsGold, the dollar, and bitcoin obviously do not belong to this category, and finally the slow recovery of the global economy against the background of imbalances between supply and demand for raw materials and products portends a rise in inflation.

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