While Bitcoin (BTC) and the wider crypto markets stumble, one popular crypto analyst sees an end in sight.
Over the past 24-hours, Bitcoin has dropped 6% and Ethereum (ETH) over 10%, reflecting the mood of the overall crypto markets, which have dipped 1% during that time.
Traditional and digital asset markets have undergone massive selloffs due to interest rate hike speculation from the U.S. Federal Reserve.
The market crash comes as a surprise to many traders. However, the widely-followed crypto analyst Capo mano, the bottom is near.
“Reading very bearish comments today.
Bottom is close.”
Vyriausiasis taškų to the price action of altcoins like Cardano (ADA) to support his argument that the bottom is close but not in yet.
“One of the main reasons why I think [the] bottom is not in yet is because many alts like ADA haven’t taken the lows yet.”
Looking at leading smart contract platform Ethereum, Capo also mato the price driving lower before reaching new all-time highs.
“ETH was kinda scary and it still is.
Be careful trying to catch the dips, because a wick below $3,000 is possible.
Bottom is not in yet.”
Capo taip pat pabrėžia the $40,000 range as crucial BTC support.
“Also, altcoins against BTC look bearish on lower timeframes, so BTC should hold better the last leg down.
Not expecting lower than 40k.”
Still, Capo akstinai his followers to remain optimistic that the bull market will continue.
“Note: this is not the end of the bull market, but the end of the mini bear market that we just had.
Dips are for buying (being cautious).”
Patikrinkite kainos veiksmą
Nepraleiskite ritmo - užsiprenumeruokite, jei norite gauti įspėjimus apie kriptografinius el. Laiškus tiesiai į jūsų pašto dėžutę
Sekite mus Twitter, „Facebook“ ir telegrama
Naršykite „Daily Hodl Mix“
Atsisakymas: „The Daily Hodl“ išsakytos nuomonės nėra patarimas dėl investavimo. Investuotojai turėtų atlikti deramą patikrinimą prieš imdamiesi bet kokių didelės rizikos investicijų į „Bitcoin“, kriptovaliutą ar skaitmeninį turtą. Informuojame, kad už savo pervedimus ir sandorius esate atsakingi patys, o už visus nuostolius, kuriuos galite patirti, esate atsakingas jūs. „Daily Hodl“ nerekomenduoja pirkti ar parduoti jokios kriptovaliutos ar skaitmeninio turto, taip pat „The Daily Hodl“ nėra patarėjas dėl investavimo. Atkreipkite dėmesį, kad „The Daily Hodl“ dalyvauja filialų rinkodaroje.
Featured Image: Shutterstock/Oxa/monkographic/S-Design1689
Source: https://dailyhodl.com/2022/01/06/bottom-is-close-for-bitcoin-and-ethereum-according-to-popular-crypto-analyst-heres-how-low-the-markets-could-go/