Summary
- It was reported that concerns about a decline in Bitcoin are growing due to U.S. economic indicators.
- It is predicted that the decline in risk assets may continue due to increased selling pressure on Bitcoin.
- The short-term key price level for Bitcoin is $95,000, with a support line at $88,000.
Due to the U.S. job openings and services sector data released last night, concerns about inflation are deepening, and there are forecasts that Bitcoin (BTC) may enter a downward phase.
On the 8th (local time), the cryptocurrency specialist media Cointelegraph reported, "Bitcoin's decline continues due to macroeconomic concerns in the United States."
Darkforest, an analyst at the on-chain analysis platform CryptoQuant, predicted, "As the December Institute for Supply Management (ISM) Services Purchasing Managers' Index (PMI) and the November Job Openings and Labor Turnover Survey (JOLTs) recorded higher figures than the market expected, the selling pressure on Bitcoin has significantly increased. The decline in risk assets may continue in the future."
The well-known trader Skew analyzed, "The major short-term price level for Bitcoin spot will be $95,000, and buyers will form a support line at the $88,000 level."
YM Lee
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