Cryptic

Despite a little fall last week, analysts are still concerned about more downside since there are good reasons to believe Bitcoin's price could end the week below $15,000. This is due to the fact that riskier assets, such as the cryptocurrency market, continue to be negatively impacted by macroeconomic policy moves. Although a fresh multi-year weekly closure is unfavorable, sellers must maintain the lower levels or it could end up being a bear trap. As bulls and bears compete for dominance over the coming days' price movement, there will likely be an increase in volatility.

Comparatively, key US stock market indices kept falling last week as fears of a worldwide recession rose in response to worsening macroeconomic conditions. The major indices posted their fifth weekly closing in the previous six weeks, and the Dow Jones Industrial Average closed at its lowest point since 2022.

Many investors lose out on buying opportunities during significant drops because they try to time the bottom. Instead, traders should concentrate on the initiatives they enjoy and gather the coins over the course of a few weeks or months. Since not all coins bottom out at once, it is preferable to concentrate on specific cryptocurrencies that exhibit strength.