Why Bitcoin's Price Action Is Concerning And 'Capital Preservation' Key
Portfolio Pulse from Khyathi Dalal
Crypto trader Eugene Ng Ah Sio expressed concerns about the future of cryptocurrencies, citing a broken market structure and potential deep recession. He advises capital preservation as the crypto market faces significant downturns.
August 06, 2024 | 4:55 pm
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Eugene Ng Ah Sio expressed concerns about Bitcoin's market structure and potential for further downturns, advising capital preservation.
Ng Ah Sio's concerns about Bitcoin's market structure and the potential for a deep recession suggest a bearish outlook for BTCUSD in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100