CDS Crypto News Breaking Crypto News – What Are the Key Factors to Consider When Predicting a Bullish Rebound After a Crypto Market Tumble?
Crypto News

Breaking Crypto News – What Are the Key Factors to Consider When Predicting a Bullish Rebound After a Crypto Market Tumble?

38
Breaking Crypto News - What Are the Key Factors to Consider When Predicting a Bullish Rebound After a Crypto Market Tumble?

Breaking Crypto News – How Does the Crypto Market Tumble Impact Traders’ Expectations of a Bullish Rebound?

Breaking Crypto News - How Does the Crypto Market Tumble Impact Traders' Expectations of a Bullish Rebound?
Breaking Crypto News - What Are the Key Factors to Consider When Predicting a Bullish Rebound After a Crypto Market Tumble? 1

Breaking Crypto News – On June 7, the United States employment report exceeded forecasts, which caused a decline in Bitcoin, Ether, and the whole altcoin market. On the other hand, traders think that this is just a short “shakeout” before the rising trend keeps going.

Strong sell-off into support. Alts suffered more, but it looks like a shakeout, tbh.

pseudonymous crypto trader il Capo of Crypto

Contrary to the forecasts of cryptocurrency analysts that a worse employment report would put pressure on the decision to cut inflation and lead to new highs for Bitcoin, the U.S. Employment Situation Summary Report on the same day indicated a higher-than-expected gain in jobs.

A weaker surprise could bring back rate cuts, and next week, we will get the CPI inflation report. If CPI (year-on-year) is 3.3% or lower, it will likely push Bitcoin to new all-time highs,

10x Research head of Research Markus Thielen

Some Traders Think the Real Bull Market Hasn’t Started Yet

Some Traders Think the Real Bull Market Hasn't Started Yet
Breaking Crypto News - What Are the Key Factors to Consider When Predicting a Bullish Rebound After a Crypto Market Tumble? 2

If “support levels hold,” according to il Capo of Crypto, “we should see bullish continuation soon.” Some traders added that they thought the market was still far from peaking and advised using the market’s collapse as a chance to make a purchase.

The real bull market hasn’t even started yet,

pseudonymous crypto trader Kaleo

FAQ

What is a Shakeout in Crypto?

A shakeout occurs when a large number of investors sell their holdings due to high levels of uncertainty or unfavorable news, frequently at a loss. Although the length of these shakeouts might vary greatly, the amount lost from recent highs is typically rather significant.

What is the Employment Situation Report?

The Current Employment Statistics Survey, which gathers information from over 697,000 work locations, and the Household Survey, which is carried out by the U.S. Census and comprises about 60,000 homes, are the two independent reports that make up the Employment Situation Report.

How Does the CPI Rate Affect Bitcoin?

It is anticipated that those who are interested in cryptocurrencies will review CPI statistics to look for any signs of rising or falling inflation. The FED may cut interest rates in response to a decrease in inflation, analysts say. This would help riskier assets like Bitcoin by bringing down the cost of borrowing and, consequently, investment.

For more up-to-date crypto news, you can follow Crypto Data Space.

Breaking Crypto News - What Are the Key Factors to Consider When Predicting a Bullish Rebound After a Crypto Market Tumble?
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Crypto News- Ether and Meme Coins Lead the Recovery as Bitcoin Stays Muted

Here's a look at the latest price movements in the crypto markets...

Bitcoin Whales Liquidate $1B in BTC Over the Past Fortnight: CryptoQuant

Selling during this period aligns with net outflows observed from U.S.-listed bitcoin...

Crypto News – Stablecoin Transfer Volume Skyrockets: Surges 16-Fold Over Last 4 Years

The rise in stablecoin usage suggests increasing cryptocurrency adoption and a maturing...

Meme Coins and Macro: Peak Stress Among U.S. Credit Card Holders Since 2012

The increase in credit card loans overdue for more than 90 days,...