Matrixport: BTC may experience significant fluctuations in the next 10 to 20 days
Matrixport released a new report saying that Bitcoin suffered a heavy sell-off when it hit an all-time high earlier this week. Historically, when outside days occur after a bull market ends, huge moves are expected over the next 10 and 20 days, so forward performance is mixed.
Additionally, it stated that the strong returns Ethereum has generated this month are similar to those seen back in early 2022, when the market was booming.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ—US Stock Market Updates: CoreWeave, Travelers, Tesla
Bank of America Hartnett: "Still inclined toward risk aversion" in the coming weeks, as US Treasuries set a four-year record for longest inflow streak
U.S. equity funds attracted $39 billion in inflows in a single week, pushing the annualized scale toward a historic high, while U.S. Treasuries also saw capital inflows for 16 consecutive weeks. However, Bank of America strategist Hartnett warns that due to rising real yields, the performance of AI and banking stocks, and the volatility of the midterm elections, there is still a preference for risk aversion in the coming weeks.
RBC Cuts Price Target on Equifax to $177 From $194, Keeps Outperform Rating
Crypto prices
More
