11 days ago • Posted by Ajmir Omid
Bitcoin slips under key support $BTC #crypto #tightening #trading
Bitcoin is breaking below its key support level of USD40'000. The probability of a 1st rate hike in March is priced at almost 100% likelihood, not to mention that analysts at Goldman Sachs expect a total of 4 rate hike just in 2022. As money is becoming scares, cryptocurrencies and many high-multiple stocks are becoming under greater pressure. All major cryptocurrencies are down at least 38% from their highs in 2021. Will the USD40'000 level provide support for the digital "gold 2.0"?