đšđšBitcoin will Not Hit New Highs Soonđšđš
Despite Bitcoin's recent gains and optimistic market movements, there are several indicators suggesting it might not be ready to reach new all-time highs. First, investor skepticism remains high, particularly due to previous price rejections and the looming fear of a global recession impacting riskier assets like cryptocurrencies. Additionally, market data from China shows a discount on stablecoins, hinting at bearish sentiment among investors there. Lastly, the Bitcoin futures market is showing a lack of conviction among traders, with premiums on contracts not aligning with bullish expectations. This combination of factors paints a picture of caution, advising investors to temper their expectations for a new record high in the near term.
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