Why Bitcoin’s [BTC] recovery may be restricted despite upside prospects

The king coin has shown signs of an uptick lately. However, the trend could be more of 2019's sideways swings than a non-stop rally.

Bitcoin U.S. to The Rest Reserve Ratio

. The metric considers the country’s entities, including bank assets and exchange funds, in relation to the rest of the entity supply. At press time, the ratio was down to 0.90. Thus, the unfavorable economy had forced the country to sell a notable part of its long-term assets. This has also been coupled with proposals for stricter regulation for the entire crypto market, in turn creating a bearish move.The analyst also referred to history when accumulation by the U.S. government impacted an incredible rise in the BTC value.

“In the past, when US institutional investors’ BTC holdings increased during major bull markets, the price rose significantly.” Often touted as a safe-haven asset and a hedge against economic uncertainty, BTC has built up a 64% increase on a Year-To-Date basis since theIf traditional markets experience prolonged instability or a severe downturn, investors may resort to liquidating their Bitcoin holdings to cover losses or meet margin calls, resulting in downward pressure on the cryptocurrency.

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