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As bullish investors refuse to sell cryptocurrency prices remain stable

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As bullish investors refuse to sell cryptocurrency prices remain stable

In 2021, for the first time, global market behavior will have a major impact on whether cryptocurrency is a conservative store of value. Although past events have taught everyone to panic in the face of uncertainty in most cases, most cryptocurrency owners and traders have refused to sell their assets in the past 4 days, which indicates that the market is in a new situation Under the requirements of stable growth supervision recommendations.

Measures and restrictions imposed by governments of many countries in the world. Although not much, Bitcoin fell by only 2% overnight. Thanks to the support of bull market investors, they believe there will be a big green streak starting in July. As of press time, the transaction price of BTC alone was US$38,944, slightly lower than the most important of about US$40,000.

According to Glassnode, the map observer. The lowercase situation is similar. Tokens such as Ethereum, Binance Coin, and LTC have withstood one or two blows in the past 24 hours. 3% is US$2403, LTC 1.4% is US$172.9, Doge 1.6% is US$0.31.The trading price of Binance Coin, the fourth-largest cryptocurrency by market capitalization, was $363.2, a slight rebound from last week’s continued downturn.

Cardano also recently broke through the wedge-shaped trend line resistance and touched several levels as low as $1.54 after falling. The ninth-largest cryptocurrency by market value, Polkadot, is 1.9, arguably the best in the past two weeks, although mining fell 1% to $23.9 at press time.

Many analysts initially predicted this move. In a few weeks, because there is countless good news in the crypto field because in an unstable market, more good news will be fatal to investors in the short term. However, both the Bitcoin bull market and bear market this week showed positive signs of confidence in the closing price. On Friday night, the cryptocurrency streets have been waiting.

As bullish investors refuse to sell cryptocurrency prices remain stable

Image Credit: Pro Pakistani

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In 2021, for the first time, global market behavior will have a major impact on whether cryptocurrency is a conservative store of value. Although past events have taught everyone to panic in the face of uncertainty in most cases, most cryptocurrency owners and traders have refused to sell their assets in the past 4 days, which indicates that the market is in a new situation Under the requirements of stable growth supervision recommendations.

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