CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-11-08 11:13:00

Bitcoin Isn’t ‘Overheated’ Despite Hitting New All-Time High

Bitcoin is showing no signs of being “overheated” despite reaching new all-time highs this week, according to analysts pointing to fundamentals that suggest more potential gains. “The market does not look overheated from a fundamental perspective,” stated Alex Thorn, Galaxy’s Head of Research, in a Nov. 7 market report viewed by Cointelegraph. Nansen analyst Aurelie Barthere shared a similar view, noting, “Bitcoin crossing its all-time high with heavy volume is a clear signal of ongoing positive momentum following the elections,” as stated in her Nov. 7 report. Barthere highlighted that after Donald Trump’s victory in the U.S. presidential election on

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.