Golden Finance reports that despite increased market volatility and an overall downward trend, experts remain optimistic, expecting Bitcoin to achieve a positive close in Q4. Bitcoin needs to rebound at least 10% to reach a quarterly breakeven price of $114,000. If this level is broken through, the trend for the quarter will turn upward.
“The impact of the US-China trade war on risk assets like cryptocurrencies may exceed expectations,” said Daniel Liu, CEO of Republic Technologies. He added that a potential government shutdown in the United States also worsens market hesitation.
Adam Chu, Chief Researcher at GreeksLive, stated that this cautious attitude is reflected both in market behavior and in decreased liquidity. He cited cryptocurrency options data indicating that neither bulls nor bears currently hold an advantage. “Instead, they expect the market to remain range-bound,” Chu said.
The analyst also emphasized systemic risks, warning that “potential institutional defaults could occur at any time,” and that “recent defaults in the decentralized finance (DeFi) and stablecoin sectors may be signals of an impending crisis.”
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