Pro traders don’t expect Bitcoin to break and hold $20,000 anytime soon
Cointelegraph
Published Sep 29, 2022 03:13PM ET
Updated Sep 29, 2022 05:00PM ET
One hundred and eleven days have passed since Bitcoin (BTC) posted a close above $25,000 and this led some investors to feel less sure that the asset had found a confirmed bottom. At the moment, global financial markets remain uneasy due to the increased tension in Ukraine after this week’s Nord Stream gas pipeline incident.
The Bank of England's emergency intervention in government bond markets on Sept. 28 also shed some light on how extremely fragile fund managers and financial institutions are right now. The movement marked a stark shift from the previous intention to tighten economies as inflationary pressures mounted.
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Written By: Cointelegraph
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