Bitcoin heading to 36K, analysis says amid warning global stocks look expensive - BitcoinEthereumNews.com
बीटीसी / यूएसडी 1-दिवसीय मोमबत्ती चार्ट (बिटस्टैम्प)। स्रोत: TradingViewCould 2022 bring a “Greater Depression”？ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels in over a week Sunday after volatility returned overnight. The pair was in the process of testing $38,000 support at the time of writing, with three-day losses approaching 12%. Despite the “out of hours” trading environment, the trend was clearly down for the largest cryptocurrency, as the mood on global equities wobbled among analysts. “Global equities have lost $2.9tn in mkt cap this week as war could trigger major stagflationary shock,” markets commentator Holger Zschaepitz आगाह उस दिन। “Economists cut their growth forecasts & raise inflation projections. Global stock mkts now worth $110tn, equal to 130% of global GDP, which looks expensive for current situation.” Should a bigger TradFi correction set in, an already shaky crypto market could fare just as badly, some argue — at least to begin with. Popular trader and analyst Pentoshi even went as far as to forecast a repeat of the worldwide meltdown, which triggered the Great Depression 90 years ago. The most exciting thing this year. Will be global markets collapsing. Any market that trades above 0 will be too high. They will call this.