Market researchers called the reasons for the potential BTC growth in the near future

In the digital assets market, obvious turbulence provoked by macroeconomic tension and uncertainty is observed. However, some experts suggest that in the near future, bitcoin may resume steady growth. The focus of the participants of the participants contains a cryptocurrency summit, which will be held by Donald Trump in the White House on March 7. It is expected that the meeting will be devoted to such important topics as the consideration of the regulatory framework, the future of the digital assets industry in the United States and, as well as details about the cryptocurrency reserve.

There is information that prominent industry figures, including the founder of Strategy, Michael Saylor, General Director of Ripple Brad Garlinghaus, the head of Coinbase, Brian Armstrong, co -founder of Paradigm, Matt Huang and others, will take part in the event. According to experts, such a significant summit will positively affect the dynamics of the cryptocurrency market.

In turn, specialists from Cryptoquant drew attention to the metrics of the pure asset flow. The indicator for the last week is located in a negative zone. This indicates that investors are withdrawing bitcoins from centralized exchanges, moving on to independent storage. Traditionally, this is considered a favorable factor for the main digital coin.

Finally, experts pay attention to the BTC fear and greed index. At the moment, the indicator is located in the area of ​​extreme fear. A similar situation indicates that the market is seriously resold.

Therefore, it becomes possible to open long positions at favorable prices. The only risk factor for the cryptocurrency market is now the trade confrontation of the United States with several countries.

Author

Andrey Alexandrov