The stock and cryptocurrency markets could be approaching a significant price correction, according to Markus Thielen, the founder of 10x Research. In an April 16 research note, Thielen cited persistent inflation, decreasing rate cuts, and a rising bond yield as the reasons behind his outlook. The primary trigger is the unexpected and persistent inflation.
‘bitcoin And Stocks May Be About To Have Major Correction’, Says Analyst
Radek Zielinski, ReadWriteWeb
Tue, 04/16/2024 - 9:19am
Topics: markus thielen research april treasury yields utc coinmarketcap chicago mercantile exchange s fedwatch traders federal reserve monday s overbought on bitcoin s rsi march tradingview investor bitfinex hong kong securities futures commission sfc ethereum etfs bitcoin readwrite thielen thielen bitcoin s bitcoin rsi major correction says analyst price assets rates risk holders interest sold bearish cuts rate inflation expecting expectations bond suggests outlook long-term report cut
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