According to the analyst, despite the euphoria, it is impossible to exclude market turning and a serious correction of quotations.
“If the tariffs proposed by Trump turn out to be more severe than the markets are expected at present, and if the head of the US Federal Reserve gives a signal that the reduction in interest rates will occur later than expected, then risky assets, including bitcoin, can be very cheaper,” the specialist explained.
At the same time, he emphasized that the structural imbalance between the growing demand and the rapidly disappearing proposal makes a long -term correction less likely.
The combination of low supply, high demand from institutional buyers and atypical summer activity creates a unique market situation. Despite potential macroeconomic risks, fundamental factors are still supporting the Bitcoin bull, the analyst summed up.
Earlier, experts of the QCP Capital trading company said that against the backdrop of Bitcoin overcoming $ 123,000 prices and a sharp surge of demand among large companies, the market begins to overheat and the correction of the coin exchange rate is likely.
Source: Bits
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