Stormy conditions lie ahead for the global crypto market, including Bitcoin, Litecoin, Binance, and Polkadot. 🌩️ This translates into a very bearish market with some downside risk. Ethereum is an exception, facing a "slightly" bearish market with downside risk.
The mood among investors is somewhat pessimistic 😔 as May inflation figures remain way above the central banks' targets. This signals additional rate hikes. Uncertainty about the passing of the proposed debt ceiling deal through the US Congress also weighs on the mood.
Over a one-week horizon 📆 , Bitcoin is predicted to face a slightly bearish market with a downside risk, while XRP faces tropical conditions – 🌴 with an imminent market correction likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
The mood among investors is somewhat pessimistic 😔 as May inflation figures remain way above the central banks' targets. This signals additional rate hikes. Uncertainty about the passing of the proposed debt ceiling deal through the US Congress also weighs on the mood.
Over a one-week horizon 📆 , Bitcoin is predicted to face a slightly bearish market with a downside risk, while XRP faces tropical conditions – 🌴 with an imminent market correction likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.