Bitcoin rebounded to $62,000 this morning, but whether it has bottomed out remains to be confirmed. This article compiles the analysis and viewpoints of institutions and experts to help readers assess the future development of cryptocurrencies.
( context:
Rich Dad: Bitcoin is collapsing, but I will “buy more” and forever.)
(Background supplement:
Bitcoin plunged to $58,300! 900,000 liquidated $360 million, but altcoins seem unaffected.)
Table of Contents
10 Research: Bitcoin is severely oversold
CryptoQuant: Market may experience a V-shaped reboundMatrixport: Bitcoin’s greed and fear index may have reached its lowest level
Bitex: Short-term market sentiment remains bearish
Recently, the cryptocurrency market has been weak. Bitcoin even fell below the key level of $60,000 at one point yesterday25th), reaching a low of $58,402. Although Bitcoin has rebounded at the time of writing this article, reaching a high of $62,422 at am today (26th), investors are still cautious about BTC’s future prospects.
The following section quickly summarizes the current analysis and from various institutions and experts on they judge the situation.
10X Research: Bitcoin severely oversold
Regarding the current slump in Bitcoin’s momentum, cryptocurrency research institution 10X pointed out in a research report released yesterday (25th) that there are indeed many leading to the market downturn. These include:
Cryptocurrency exchange Mt.G