Reserve

Token

April

Read

Big Time

<ul>
 <li>Ash Crypto outlines Bitcoin’s decline reasons: geopolitics, Fed policy, retail greed.</li>
 <li>Bullish breakout anticipated due to consolidation pattern and potential short squeeze.</li>
 <li>Altcoins are set to benefit from Bitcoin’s potential rally, presenting investment opportunities.</li>
</ul>
<p>In a recent analysis, renowned crypto trader <a href="https://twitter.com/Ashcryptoreal" target="_blank" rel="noopener noreferrer nofollow">Ash Crypto</a> sheds light on the factors contributing to <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s ongoing downturn</a>, providing insights into the market sentiment and future prospects for the pioneer cryptocurrency.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Why Is <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Dumping?<br>&nbsp;<br>1) Iran-Israel War Situation&nbsp;<br>&nbsp;<br>Just a few minutes ago, the former Mossad intelligence chief said that they could strike Iran nuclear facilities.&nbsp;<br>&nbsp;<br>This is a massive statement and could even lead to the WWIII situation.&nbsp;<br>&nbsp;<br>This is causing panic in the… <a href="https://t.co/S49XdwFXvo" rel="noopener noreferrer nofollow">pic.twitter.com/S49XdwFXvo</a></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1780621191541108779?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In detail, he marks the first to be caused by geopolitical tensions escalating. Specifically, Ash Crypto points to escalating tensions between Iran and Israel as a significant driver of market panic. Recent statements from a former Mossad intelligence chief hinting at potential strikes on Iran’s nuclear facilities have rattled investors, sparking fears of broader conflict and a possible World War III scenario. Such uncertainty has led to a sell-off in Bitcoin and other cryptocurrencies.</p>
<p>Secondly, he highlights the Federal Reserve’s policy shift. He cites the Federal Reserve Chair Jerome Powell’s recent hawkish stance on inflation and interest rates as another factor impacting Bitcoin’s decline.</p>
<p>Powell’s remarks indicating a reluctance to address inflation concerns promptly have dashed hopes of an imminent rate cut, with the possibility of a rate hike gaining traction among investors. This shift in monetary policy outlook has added pressure on Bitcoin prices.&nbsp;</p>
<p>Lastly, he draws light to retail investor greed. He sees this behavior as a contributing factor to Bitcoin’s downturn. Despite recent corrections, retail traders continue to exhibit excessive greed, eagerly buying every dip with high leverage.</p>
<p>The persistence of positive funding rates reflects this sentiment, signaling a reluctance among investors to adopt a more cautious approach. Until a significant reset occurs, the <a href="https://cryptonewsland.com/what-caused-bitcoins-sudden-15-decline/" target="_blank" rel="noopener noreferrer nofollow">market may continue its downward trajectory</a>.</p>
<p>Despite the current downturn, Ash Crypto remains optimistic about Bitcoin’s future, anticipating a bullish breakout in the near term. Highlighting a consolidation pattern within a bullish falling wedge over the past 13 days, the trader suggests that substantial liquidity is accumulating on the upside.</p>
<p>Ultimately, he says this, coupled with the potential for a short squeeze, could fuel a significant price rally in Bitcoin. Moreover, the <a href="https://cryptonewsland.com/bitcoin-halving-unveiling-altcoin-opportunities-amid-market-shifts/" target="_blank" rel="noopener noreferrer nofollow">positive outlook for Bitcoin</a> is likely to benefit altcoins as well, presenting opportunities for investors across the cryptocurrency market.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ash-environmental-dao-announces-ash-token-sale-to-champion-social-good/" rel="noopener noreferrer nofollow">Ash Environmental DAO Announces Ash Token Sale to Champion Social Good</a></li>
 <li><a href="https://cryptonewsland.com/crypto-analysts-100k-gamble-on-pepe-tokens-pays-off-big-time/" rel="noopener noreferrer nofollow">Crypto Analyst’s $100K Gamble on PEPE Tokens Pays Off Big Time</a></li>
 <li><a href="https://cryptonewsland.com/current-bear-market-most-brutal-so-far-epic-breakthrough-ahead/" rel="noopener noreferrer nofollow">Current Bear Market Most Brutal So Far, Epic Breakthrough Ahead?</a></li>
 <li><a href="https://cryptonewsland.com/metrics-2022-was-not-really-brutal-of-a-bear-market/" rel="noopener noreferrer nofollow">Metrics: 2022 Was Not Really Brutal of a Bear Market</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-sinks-following-new-ath-trader-unfazed-and-prepares-for-eth-rally/" rel="noopener noreferrer nofollow">Bitcoin Sinks Following New ATH, Trader Unfazed and Prepares for ETH Rally</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/popular-crypto-analyst-highlights-3-reasons-behind-bitcoins-brutal-dip/" rel="noopener noreferrer nofollow">Popular Crypto Analyst Highlights 3 Reasons Behind Bitcoin’s Brutal Dip</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Popular Crypto Analyst Highlights 3 Reasons Behind Bitcoin’s Brutal Dip

Crypto News Land

Other articles published on Apr 18, 2024

Exploring the Current Surge in Bitcoin’s Market Value

Top 13 Memecoins to Buy for 10-50x Profits in 2024

Blackstone (BX) Reports Strong Q1 Performance Amid Accelerating Momentum

Ernst & Young taps ZK-proofs on Ethereum to automate contracts

SEC Chair Gensler’s “Resignation” Post Sparks Disappointment

Coinbase Secures New Manhattan Office, Departs Hudson Yards

Join our free newsletter for daily crypto updates!