In the short term, the first cryptocurrency can break the bear trend and start rally in the market, said Ryan Lee, chief analyst of the Bitget Crypto -Existing).
According to the expert, investors are looking for protective assets to maintain the value of capital in the conditions of the US trade war and show more and more interest in digital assets.
The increase in the volume of trading of cryptocurrencies, the weakening American dollar, the growing influx of funds in the spot-bitcoin-ETF funds provide additional support for the Bitcoin course, the analyst emphasized.
As for the situation with the ether, the asset could not get out of the narrow price range $ 1400 – $ 1700. For the formation of a bull trend, the second one in capitalization of cryptocurrency needs stronger and more stable catalysts, says Bitget specialist.
Earlier, Alphraactal experts said that holding the first level of level of $ 92,500 will be a signal for large bitcoin holders about the upcoming market reversal.
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Source: Cryptocurrency
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