Mmastodon BusinessCrypto first seen 2 d ago, last 2 d ago, peak #2
Analists dismiss 'Black Monday' fears after Bitcoin drop
Original: 📉 El pánico es irracional: analistas descartan un 'Black Monday' tras la ruptura de # Bitcoin . Los indicadores técnicos
Market analysts are pushing back against panic after Bitcoin's price breakdown, arguing that fears of a repeat of the 1987-style 'Black Monday' crash are irrational. They point to technical indicators suggesting stability, rising Nasdaq futures, and confirmation that inflation remains high as reasons to stay calm despite the crypto sell-off.
Why now: Bitcoin's sharp drop has reignited crash fears, prompting analysts to publicly calm markets.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2893400