06:55
Analyst: If Bitcoin can break through the quarterly breakeven price of $114,000, the trend for this quarter will turn upward.
Golden Finance reports that despite increased market volatility and an overall downward trend, experts remain optimistic, expecting Bitcoin to achieve a positive close in the fourth quarter. Bitcoin needs to rebound at least 10% to reach the quarterly breakeven price of $114,000. If this level is broken through, the trend for this quarter will turn upward.
"The impact of the US-China trade war on risk assets like cryptocurrencies may exceed expectations," said Daniel Liu, CEO of Republic Technologies. He added that a potential government shutdown crisis in the United States has also heightened market caution.
Adam Chu, Chief Researcher at GreeksLive, stated that this cautious attitude is reflected both in market behavior and in declining liquidity. He cited cryptocurrency options data indicating that currently, neither bulls nor bears hold an advantage. "On the contrary, they expect the market..."
BTC1.51%
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