Analysts Warn of Prolonged Summer Market Slump

According to BlockBeats, recent market adjustments have prompted warnings from analysts about a continued summer slump. FxPro's Chief Market Analyst, Alex Kuptsikevich, noted in a Thursday report that support at previous peak levels indicates a temporary market pause for profit-taking. However, the downturn is discouraging the most active traders, who are now focusing on smaller projects. Bitcoin is nearing its 50-day moving average again, with frequent tests of this mid-term trend signal suggesting that the leading cryptocurrency is experiencing accumulated fatigue source: https://www.binance.com/en/square/post/27981123859570?utm_source=BinanceNewsRSS