Bitcoin prices were under pressure on Thursday, and the world’s No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst.
For that reason, Fawad Razaqzada, market analyst at ThinkMarkets, in a Thursday note cautioned investors to watch out for more pressure on bitcoin that could take it beneath $50,000. “If so, this could be further bad news for Bitcoin. The crypto has been correlating positively with risk assets over the past year and if that relationship remains strong then the digital currency could follow risk assets lower,” he added.
Doubt it!!
Fooled by randomness
I bet bill gates paid you to write this article.
Has someone shorted BTC? We’ve all seen the 2006 Cramer video of how to manipulate the market.
You still haven’t answered my question. Where is AMC/GME? I know you’ve seen my posts
It is the emptiest of all invented assets.
$TSLA 😱
Ever notice, in general, when something is doing very well, it gets canceled? Fml....
Bitcoin is supposed to be used to buy products and services online anonymously. It was never intended to be an investment.. Of course it's over valued! Morons..
Sure.. as cryptocom is in F1 right now on the AstonMartinF1 .. I see it going beyond what we think it all time highs by summer. BahrainGP
MarketWatch is so establishment. I seen the picture and immediately knew it was Going to be a hit piece
It's not about the money it's about the revolution HODL bitcoin.
Greater fools are smug.
Sorry Shea
Profit into a centrally controlled shrinking dollar, Ha! No thanks
They’ve been saying the same thing since 2009 — just get with the program already. Bitcoin is here to stay. Innovative progress cannot and will not be undone. blockchain over everything.
dam shame....trying to create fear clearly.
$BTC up 10% since this was written 😆
Cant wait to sell this asset that has performed super well for me so I can hold my money in inflated USD again!
Ummmm .... duh
Looks like we going higher fam
Not until summer and over $90k
I wonder how many people sold after reading this.
Time to wake up fellow traders join the movement, $Luna terra_money $UST $ANC $MIR is where smart people are investing. The team behind the scenes are absolute superstars This is not a pitch so Screen shot this as it’ll be the best advice you all will get in 2021 🌖
The ‘FUD’ is big in this one
Topped out and ready to tap out? Crypto winter incoming?
This won't age well
could be next domino to fall as institutions rush to buy Bitcoin says non-technical analyst 😉
If somebody offered you $10,000 an hour to juggle sticks of dynamite, you would do it. But you would not being excited about doing it. It’s like with buying public companies that are in the crypto-space
It's amazing how these articles can be used a signal of the bottom to the current trend. Reversal incoming.
Yes.. watching crypto the last two months.. Bitcoin seems to hit all time highs, but lacks the horse power to move past 60k onto 70k. I see it coming back downwards towards 38k if institutions do not start buying it up.
ANALyst missed out
You guys still don’t get it
🤣🤣
good
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