Bitcoins price may be holding up well, but the big picture is this - BitcoinEthereumNews.com
स्रोत: Google रुझान That‘s not all. The Fear and Greed Index isn’t giving a lot of confidence either with a reading of 44, at press time. This, despite the fact that the scale has moved from ‘Extreme Fear’ to ‘Fear’ over the last 30 days. The aforementioned datasets can be supported by the fact that of late, most are revising their initial predictions for Bitcoin. Furthermore, some are specifically suggesting there may be tougher times ahead. Consider this – According to Huobi Research Institute, Bitcoin has emerged to become an asset that is very sensitive to changes in liquidity. With the Federal Reserves tapering policies contributing to a fall in the same, BTC will “face a bear market,” its report said. Furthermore, one of Glassnodes latest newsletters also argued that while it is hard to define a bear market for Bitcoin, there are some signs to indicate the same. A contrary position However, the operative phrase in the aforementioned observations is this – ‘hard to define.’ That is true, and it is so because there is no consensus as to what is a Bitcoin bear market. Consider the views of Jan Wüstenfeld, for instance. Contrary to the assertions of others, the Quantum Economics analyst believes, “… the price