Deribit Analyst: Bitcoin Could Have Further Downside
2024-08-19 11:28:29
Deribit analyst anand raj published a report said that bitcoin currentlydesk3cryptocurrencydesktopCrypto News
Deribit analyst Anand Raj released a report saying that Bitcoin is currently still under the control of the supply zone of $61,700. This has led to a break in the demand zone in the lower time frame. In addition, although the latest 13F document shows that major asset managers have exposure to the US Bitcoin spot ETF, bullish sentiment has not significantly improved. Therefore, the price of Bitcoin may continue to be subject to resistance in the supply zone in the higher time frame, indicating that there may be further downside space.
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