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Analyst Urges People To Look At BTC Through A Macro Minded Lens

Published 2023-02-09, 11:30 a/m
© Reuters.  Analyst Urges People To Look At BTC Through A Macro Minded Lens
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Coin Edition -

  • A Tweet by Michael Burry in January of 2023 left people concerned about the BTC price.
  • Dan Gambardello does not see this tweet as a bearish sign for BTC.
  • BTC is currently trading hands at $22,698.21 after a 2.19% drop in price.

On January 31 of 2023, American investor and Hedge Fund Manager Michael Burry took to Twitter with a cryptic tweet merely stating “sell”. Many were confused about what exactly he meant by this while other believe this has something to do with Bitcoin (BTC) and the crypto possibly crashing in 2023.

Crypto YouTuber and analyst Dan GAmbardello referred to this very tweet in his newest video and explored what this could possibly mean to the crypto industry and BTC specifically.

According to Gambardello, he does not see this tweet as a bearish sign for the crypto market leader at all. The analyst stated that he is looking at the tweet through a macro minded lens and is waiting for the big picture to play out.

From a technical viewpoint, Gambardello brought up BTC’s weekly chart where the 50-week Moving …

The post Analyst Urges People To Look At BTC Through A Macro Minded Lens appeared first on Coin Edition.

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