{"id":254469,"date":"2022-08-29T01:00:30","date_gmt":"2022-08-28T19:30:30","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=254469"},"modified":"2022-08-29T10:14:35","modified_gmt":"2022-08-29T04:44:35","slug":"bitcoin-btc-investors-should-read-this-before-making-investing-decision","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-btc-investors-should-read-this-before-making-investing-decision\/","title":{"rendered":"Bitcoin [BTC] investors should read this before making investing decisions"},"content":{"rendered":"

Bitcoin<\/span><\/a> recorded a sluggish performance this week, with the crypto’s 7-day chart mostly painted in red. The aforementioned depreciation ignited several speculations in the market regarding what is to come next. As always, the crypto-community\u2019s opinions are diverse. <\/span><\/p>\n

While some believe a trend reversal might happen in the coming days, several reports suggest otherwise. At the time of writing, Bitcoin was trading at $20,010, having fallen by over 5% in the last 7 days alone. It had a market cap of over $384 billion too.\u00a0\u00a0<\/span><\/p>\n

Bears at play\u00a0<\/strong><\/h4>\n

Recently, Dan Lim, an analyst writing<\/a> for CryptoQuant, pointed out in his analysis that the possibility of Bitcoin falling further is high due to several international reasons. In doing so, Lim highlighted quite a few bearish market conditions that may contribute to the same.\u00a0<\/span><\/p>\n

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Percent of 1W ~ 1M $BTC<\/a> is 3.8%<\/p>\n

"This indicator is the ratio of BTC that are 1 week to 1 month old after purchase, and is data that can be viewed as a basis for short-term buying."
by @DanCoinInvestor<\/a> <\/p>\n

Read More\ud83d\udc47https:\/\/t.co\/mDk9DvjkxA<\/a> pic.twitter.com\/P5MrquOciY<\/a><\/p>\n

— CryptoQuant.com (@cryptoquant_com) August 26, 2022<\/a><\/p><\/blockquote>\n