Watch out for the artificial rise of Bitcoin

In a recent interview analyst Jason Pizzino, says that the rise of Bitcoin was not an organic rise but caused artificially by large whales. For the analyst the points where we could see a downward rebound are the forty-three thousand, the forty-five thousand or the forty-seven thousand, It is recommended to invest very carefully at this point as the chances of falling again are still quite high.

In addition to his technical analysis, Jason says that there are several economic, political and regulatory news reasons that can still affect Bitcoin negatively, one of these events is the long-awaited Federal Reserve statements to be given in March, which could boost or affect all markets.

Why will politicians end up supporting Cryptocurrencies?

Bloomberg analyst Mike McGlone says that every day politicians are publicly supporting cryptocurrencies, even some politicians like Texas Senator Ted Cruz, have declared that he bought Bitcoin in the fall.

According to Mike McGlone, This is something we will see more and more often every day as politicians are aiming to gain popularity among younger voters, He also predicts that during the campaign period we will see several politicians offering to create a more friendly environment with respect to cryptocurrencies.

Trends in Cryptocurrency: 07/02/2022

·         Winners:

- SLP/USDT approx. 38% of earnings.

- SHIB/USDT approx. 37% of earnings.

- SHIB/TRY approx. 41% of earnings.

·         Losers:

- BNBDOWN/USDT approx. -12% lost.

- XRPDOWN/USDT approx. -34% lost.

- BTCDOWN/USDT approx. -10% lost.

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