Hello friends and family how are you doing I am good, today i am here to explore my knowledge about the Global economic factors and what are their consequences on Bitcoin price is lets expolre it up to best level.

As the graph view from the binnance alp shows that its touching the value of worth $55000, which is quite obviously a very low value after the having had taken place. The question is come what could be the possible consequences of such lower price of BTC for the traders as might be possible news sentiment has greatly effected the mind set of investor and leads to higher selling pressure.

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The technical analysis has shown that the wort of BTC dropped just from the critical expected values more than 10 %, over the last week and definitely it tends to erase all benefits.

But there is always good side in, the selling pressure from the market would be decreased in just few days as the founder Rachel Lin was shared in his interview. Moreover the amount of 2.3 millions BTc has been holden by German Government, while 8 billions having by Mt.Got and yeah the 12 billions BTC has been holder by US Govt.

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Hence the news are there the Mt.Gox investors might be suffer from dupming off their token bit it can be reversed if the selling pressure would be reduced in the market which is good sign for the traders, nevertheless the BTC is going to be towards lower level of $ 50,000 As stated by Mt.God.

The senior analyst Alex Kuptsikevich, reported that he has observed that the worth of BTC would be lower 200 day move avaerge and perhaps it can be reversed towards original values, although we have to wait while seeing the pattern of establishment.

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Hence the moving average are likely a good parameters its helpful what could the might possible closing price of an assets in the market and definitely traders can take advantage how they have to run trade and when it should be closed although news sentiment are there, as the price of BTC would be going to as low as $ 50,000.

In present era of inflation leads to disruptions of all of the market especially the BTC. Now, what could be the more global effects of this inflation in crypto market its quite obvious tends to lower the selling pressure and potentially traders wanted to keep on holding their assets especially the BTC.

What would be inflation effects on selling currencies.

If the global effects of inflation will be continue every trader would wish to hold their asset as compared to sell which could be a sign of increasing the raised worth of assets. But if the situation my reversed they may overcome the level of fear obviously traders of investors will sold BTC.

The current economic uncertain and BTC trading trending.

If we see in more detailed if there is more uncertain situation in economy few assets are considering highly safe the BTC is one of them, resultantly it tends to be more demanding and the possible effects would be less selling pressure and every wise investors would moved towards stable condition of market.

The investor might hold and wait till the stability of the economy bit if the condition may worsed to highly extreme level it may become the cause of liquidity and the investors find a way to sell BTC as they wanted to get stable in this situations.

It can be summarized further the price drop in BTC would be recover very soon in Europe and will touch towards the worth of $55,000. While the lower value tends to caused crypto longs from the worth of $550 million only in few hours.

Its all about my today's post I which try to explain how the global economic factors may put negative consequences on BTC worth and leads to more selling pressure among the traders.

Thank you for reading my post.

Kind regards

@drhira