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Price predictions 3/2: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, BCH, ADA
War in the Middle East failed to sink Bitcoin below the $63,000 level. That may have attracted buyers who are attempting to maintain the price above $69,000. However, a quick recovery is unlikely. Macroeconomic newsletter Ecoinometrics said in a post on X that deep drawdowns generally unfold slowly, advising “patience rather than urgency.” Data shared by Bitwise Europe head of research André Dragosch shows that when investors buy and hold BTC for at least three years, the probability of loss drops to 0.70%. Although BTC is down roughly 50% from its all-time high, its three-to-five year realized price of $34,780 ... (full story)
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