Mike McGlone noted that although BTC is growing along with other risk assets, “this may be a fake pump organized by large players to cover their short positions.” The key resistance level for military-technical cooperation does not exceed $30,000, while “the risks are approaching $10,000,” the expert is sure.
Bloomberg’s senior macro strategist suggested that a sign of a looming recession could be the fact that the value of most digital assets, which showed temporary growth in 2023, could gradually fall in value. One of the reasons for the fall, which the strategist draws attention to, was the coordinated actions of the central banks of the United States and European Union countries to tighten monetary policy. In addition, the consequences of the Chinese construction industry crisis are also negatively impacting the global digital asset market and exposing it to additional
pressure.
On the afternoon of Tuesday, October 3, the first cryptocurrency by market capitalization is trading at $27,459. Since the beginning of October, the value of BTC has fallen by 2%, while at the same time, on the weekly timeframe, Bitcoin is showing an increase of about 5%.
Earlier, crypto enthusiast and author of the best-selling book on finance “Rich Dad Poor Dad” Robert Kiyosaki urged his followers on social networks to quickly stock up on bitcoins, gold and silver before the digital US dollar appeared on the market.
Source: Bits
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