The cryptocurrency shower can actually mark the early stages of bull running, said the cryptocurrency trader.
“I think there is a very great chance that this is the beginning of a bull market,” Kripto merchant Alex Becker said In a video posted on YouTube on Saturday.
“I think sales could currently be the dumbest thing you could ever do,” Becker said. Founder of Jan3 Samson Mow echoed a similar feeling in the x post of the same day, saying“It’s time for the next Bitcoin leg.”
Becker’s comments come after the crypto market eclipse every previous decline on Friday, because Bitcoin (BTC) fell over 10% to $ 102,000 after Trump 100% of Tariff’s announcement of China. 19.31 billion dollars liquidation is more than ten times higher than losses recorded during a Coid-19 ($ 1.2 billion) and FTX collapse (1.6 billion USD).
Crypto Market wipes “just resets all”
The collision sent shock waves through the global crypto community, but Becker called it a “huge excessive reaction”, saying that significant deletion “only reset everything”.
Becker claimed that the merchants became frustrated after Bitcoin had gathered for a year, while the rest of the crypto market was lagging behind.
“I think that will change,” he said. “It made people madness, and you saw the market manufacturers just pull the levers up and down,” Becker said, adding: adding:
“Everything they do in the market is overly responding three to four times, because people will not only F ## King to wait for a few months to get the profits they need.”
According to Becker, a sharp correction is partly driven by “impatience” among investors in the last few weeks.
Bitcoin’s price for the short term increases, says an analyst
Bitcoin has reached a new maximum of $ 125,100 on Monday, but still less than the goals at the end of $ 250,000 scheduled earlier in the year named named Bubira Hayes and UNCHINED JOE BURNTT market research director.
Related: Market fall ‘no long-term fundamental implication’-analyst
Krypto analyst Benjamin Cowen shares the same optimism as Becker. “I still think that in the short term it still climbs,” Cowen said From Bitcoin, pointing to Bitcoin’s dominance, 60%returned on Friday.
Economist Timothy Peterson was more cautious, Cointelegraph said on Sunday that Bitcoin would enter three to four weeks of “cooling” before continuing his gathering. “But maybe a slow pace than before,” he said.
The wider industry is skeptical, with a crypto fear and greed Indexwhich measures the overall crypto market feelings, posting a “extreme fear” rating of 24 in its Sunday update.
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