Bitcoin Weekend Rallies Prove To Be Short-Lived, Analysts Caution: 'Watching Closely...Before Drawing Any Firm Conclusions'
Bitcoin Weekend Rallies Prove To Be Short-Lived, Analysts Caution: 'Watching Closely...Before Drawing Any Firm Conclusions'
Bitcoin's (CRYTO: BTC) encouraging start to the week could evaporate sooner than expected, analysts issued a warning.
比特幣 (數字貨幣：BTC) 在本週的良好開端可能會比預期更快地消失，分析人士發出警告。
What Happened: King Crypto led the market out of a correction phase over the weekend, and the positive momentum continued over to the first day of the new trading week. Bitcoin breached the $64,000 level for the first time in more than three weeks, spurring expectations of further gains.
發生了什麼：加密貨幣之王在週末帶領市場走出了修正階段，積極的勢頭延續到了新的交易周的第一天。比特幣突破了64000美元的關口，這是三個多星期以來的首次，引發了進一步上漲的期望。
However, analysts from cryptocurrency exchange Bitfinex believe the positive start could turn out to be a false promise.
然而，加密貨幣交易所 Bitfinex 的分析師們認爲這個積極的開端可能會變成一個虛假的承諾。
In a note shared with Benzinga, the analysts stated that weekend-driven mini-rallies have been common over the past few months, but most fizzle out by mid-week.
在一份與 Benzinga 分享的筆記中，分析師們指出，週末推動的小型反彈在過去幾個月中很常見，但大多數反彈都在中旬前結束。
"We are therefore watching closely how the start of this week plays out before drawing any firm conclusions about the market's possible future trajectory," the analysts cautioned.
“因此，在我們得出市場可能的未來走勢之前，我們正在密切關注本週的開端是如何發揮作用的，”分析師們提醒道。
The analysts also brought up Mt. Gox's Bitcoin sell-off overhang, suggesting that any news about this incident would likely contribute to downside pressure.
分析師還提出了 Mt. Gox 的比特幣賣出剩餘壓力的問題，暗示任何關於這一事件的消息都可能會對下行壓力產生貢獻。
Why It Matters: These bearish projections come amid strong bullish catalysts for the Bitcoin-led cryptocurrency market.
爲什麼重要：這些看淡的預測出現在比特幣領導的加密貨幣市場擁有強大看好證券的背景下。
Former President Donald Trump picked Senator J.D. Vance (R-Ohio) as his running mate — a known Bitcoiner and actively supports pro-cryptocurrency legislations.
前總統唐納德·特朗普選擇了參議員J·D·萬斯（R-俄亥俄州）作爲他的競選夥伴——他是一位著名的比特幣持有者並積極支持加密貨幣立法。
Additionally, Larry Fink, CEO of the world's largest asset manager, BlackRock described Bitcoin as a legitimate financial instrument, capable of giving uncorrelated or non-correlated types of returns.
此外，全球最大資產管理公司貝萊德的CEO拉里·芬克將比特幣描述爲一種合法的金融工具，能夠提供不相關或非相關類型的回報。
Price Action: At the time of writing, Bitcoin is exchanging hands at $63,794.45 up 1.40% in the last 24 hours, according to data from Benzinga Pro. The King Coin has surged more than 11% over the week.
價格行動：截至撰寫本文時，比特幣的交易價格爲63,794.45美元，過去24小時上漲了1.40％，根據Benzinga Pro的數據。本週 King Coin 上漲了逾11％。
Image via Shutterstock
圖片來自shutterstock。