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Bitcoin Faces A Critical Test At $80K Before November

20m ago•
Cointribune
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The scene illustrates the three factors likely to complicate Bitcoin's outlook in November. In the foreground, a concerned investor looks at a gigantic Bitcoin coin threatened by a downward arrow. In the top left, a bear and bearish charts symbolize selling pressure. At the center, the US Federal Reserve represents uncertainties linked to monetary policy. On the right, military conflicts evoke geopolitical tensions capable of disrupting markets. The calendar showing 11 recalls the month of November. Overall, it depicts a climate of uncertainty, without presenting a further drop in Bitcoin as inevitable.

Bitcoin enters November under pressure after losing more than 3.5% since the beginning of October. Outflows recorded by ETFs, the rise of the risk of US rate hikes, and the surge in oil prices constitute its three main tests.

L’article Bitcoin Faces A Critical Test At $80K Before November est apparu en premier sur Cointribune.

20m ago•
Cointribune
bullish:

0

bearish:

0

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BitcoinBitcoin
0.2%
$80,326.69
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