Can Bitcoin avoid a fourth red weekly candle? Traders prepare for fresh volatility.
As traders braced for classic volatility into the weekly close, Bitcoin looked decidedly unappetizing. At $39,500 on Bitstamp, the spot price at the time of writing would constitute the lowest weekly close since the week of March 7."Pretty obvious uptrend since mid-to-late January imo.
“It would be a terrible day for markets,” Ariane Hayate, fund manager at Edmond de Rothschild Asset Management,“The first impact would be on the French 10-year bond yield that could go through the roof.”, the European Union's financial fragility has been brought to the fore as inflation soars and central bank balance sheet reductions have yet to kick in.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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