In just a few weeks of the mood of investors, greed has changed instead of fear, and this is an additional catalyst for an increase in the price of the first cryptocurrency. However, the volatility did not take off as noticeably as it usually occurs during sharp prices, the analysts of the QCP Capital drew attention.
“The situation resembles balancing on the verge between euphoria and reality. Corporate finances continue to enter the market, technical indicators maintain growth, but the situation requires careful monitoring, and the market demonstrates some overheating, ”explained testers-traders.
According to the experts of the QCP Capital, Bitcoin “entered the unknown territory”, which should alert investors. Despite the persistent bull attitude, investors are advised to remember: growth dynamics can be replaced by rapid correction and panic sales at any time.
Earlier, Gibraltar CEO of the XAPO Bank, SEAMUS ROCC, said that Bitcoin’s market cycles remain relevant – that is, after the new historical maximums of the first cryptocurrency, it is worth waiting for the drop in the asset quotations.
Source: Bits
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