RATE Group | Economist Expects These Cryptos to Bounce Due to Three Simple Factors
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Economist Expects These Cryptos to Bounce Due to Three Simple Factors

08 Mar Economist Expects These Cryptos to Bounce Due to Three Simple Factors

Posted at 23:26h in Cryptocurrency News by

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Today’s been a rough day for the crypto markets, with Bitcoin’s recent capitulatory selloff reaching a boiling point this morning that subsequently led most other major altcoins to similarly see intense selloffs of 10% or more.

This movement has led the market structures of most digital assets to become firmly bearish, although one crypto-focused economist is now noting that he anticipates three cryptocurrencies to see notable bounces in the near-term.

There are three primary factors that play into his analysis, and the confluence of these factors could lead a handful of cryptocurrencies to see notable uptrends.

Bitcoin Selloff Creates Market Bloodbath; Key Levels to Watch For 

At the time of writing, Bitcoin is trading down over 7% at its current price of $8,300, which marks a notable decline from daily highs that were set yesterday within the upper-$8,000 region.

BTC’s intense decline from these daily highs sent shockwaves throughout the aggregated crypto market, leading most…

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