Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. His research note on Thursday reads:Īs the retail investor comes under pressure and liquidity is drained, our concerns will only grow for crypto prices. The Wolfe Research analyst also finds it concerning for the crypto space that its second-in-command – Ether is also currently trading at the key $1,600 level. If the $25,000 level does not hold, the next support in Bitcoin is at $20,000. Note that Bitcoin has also recently printed a “ Death Cross” – its 20-day MA crossed below the 200-day MA that is broadly read as a sign of shifting sentiment and a possible downward trend in technical analysis. Ginsberg is currently bearish on the crypto market at large since Bitcoin is not the only one that challenged crucial levels in recent days. This is often one of our more reliable warning signs … crypto landscape is growing every more concerning. Longer term momentum is starting to break in bitcoin. The world’s largest cryptocurrency tested that level in June as well but ended up rebounding strongly from there.īut the fact that it broke below that strong support this time even if it did so only briefly is worrying because of what it says about the price momentum, as per Rob Ginsberg. Why is Rob Ginsberg worried about Bitcoin The world’s largest cryptocurrency printed a Death Cross this week.īitcoin slipped below the key $25,000 support this week which a Wolfe Research analyst finds concerning.Rob Ginsberg explained why in a research note on Thursday.Wolfe Research analyst is concerned on recent price action in Bitcoin.

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