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🤔 Bitcoin and Ethereum are close to levels signaling a trend reversal, despite growing investor concerns about a bear market, according to macro analyst Jordi Visser.
According to the expert, BTC needs to break $76,000, while ETH needs to break $2,400 to consolidate its upward movement.
"I think inflation will remain high, and people need to find something profitable when the S&P 500 is stagnant," Visser added.
However, the macro analyst isn't a fan of classifying Bitcoin price trends as bullish or bearish. He argues that the market typically reverses when investors are most confident of further growth, and vice versa.
#btc #usdt #ltc #xrp #oil. $GT $ETH $SOL
Yesterday, Arthur Hayes bought 26,022 HYPE for approximately $1.1 million—his first HYPE purchase in nearly three months. He now holds 247,334 HYPE worth approximately $10.44 million, with an unrealized profit of over $2.5 million.