Short

BTCUSD Bearish

BTCUSD bearish
Analysis from the aspect of information
The NYSE FactSet Global Blockchain Technologies Index, an index tracking 35 cryptocurrency-related stocks including Riot Blockchain Inc (NASDAQ:RIOT), Galaxy Digital Holdings Ltd (TSX:GLXY), is down roughly 15 percent in 2022, data shows. %.
DA Davidson analyst Christopher Brendler believes there is a lot of debate among investors about how much these companies are worth and their long-term standing in the stock market.
He said the volatility in the stock market and the Federal Reserve’s interest rate hikes have put a lot of pressure on these crypto stocks.
technical analysis
Candlestick chart clearly down
The divergence indicator is clearly down
The KDJ indicator market is obviously down

ElspethDupont

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