All analyses have failed... All experts are now out of the loop... What will happen in the market next... No one can predict with certainty...
The current market downturn affects not only cryptocurrencies — it reflects broader economic forces at play. Let's stop oversimplifying the issue with superficial analyses of cryptocurrencies. It's not about support levels or resistance lines; the reality is much deeper, touching the core of global markets.
What we are seeing is not just a correction in cryptocurrencies. The stock markets in the US and Europe are in a downturn, and cryptocurrencies, being a small part of a larger financial ecosystem, are simply following suit. What drives this widespread downturn? Political maneuvering. The current efforts of the Biden administration and the Democratic Party to push critical legislation through Congress are creating ripples throughout the economy. This is not speculation — it's a recurring pattern during times of political uncertainty.
