Autor ZyCrypto - prije 1 godinu - Vrijeme čitanja: 2 minute
“Not Time to Get Too Excited Yet”, Pundit Warns Bitcoin Could Still Face Deeper Correction
Scott Melker, the host of The Wolf of All Streets podcast and crypto trader, has cautioned investors against getting too excited by Bitcoin’s recent pump, suggesting that the crypto asset could still ponirajte niže.
In a newsletter to more than 800k Twitter followers, the pundit attempted to measure the asset’s “possible bottom” by illustrating five of the worst Bitcoin corrections in history. These included the Nov 2013 – Jan 2015 (-86.9%); Dec 2017 – Dec 2018 (-84.12%); Apr 2013 (-82.65%); June 2019 – Mar 2020 (-72.26%) and the April 2021 – June 2021(-55.95%) bear markets.
According to him, considering Bitcoin’s price has dropped by approximately 76.59% in the past year, it would have to drop another 48.84% to reach April 2013 bear market levels. This would mean $220B, or half of the current Bitcoin market capitalization, being wiped from the market, which he said was “unlikely”.
„Za Bitcoin to go an inch lower than the current bottom at $15,800, it would need to drop 31.2% from current levels. Still a sizeable drop.” Dodao je.
Ne prebrzo
The pundit warned investors against getting too excited, commenting on this month’s pump, urging them to drop the “Bitcoin up only” assumption.
"Ipak, mislim da još nije vrijeme da se previše uzbuđujem. Tek smo u prvom mjesecu u godini i znamo da će doći do korekcija i da najveći skupovi često dolaze na medvjeđim tržištima”, on je rekao.
25. januara god. Bitcoin surged as high as $23,800 before tracing its move to settle below the $23,250 resistance.
Prema Melkeru, taj otpor bi mogao predstavljati tešku prepreku za cijenu, sa ogromnim rastom na 4-satnom grafikonu koji sugerira da je ovo područje "grabica likvidnosti za kratke hlače".
"Nastavio bih sa oprezom," napomenuo je, ističući da se malo toga može učiniti osim ako se svijeće ne zatvore iznad ili ispod tog otpora. “Iako se to možda neće dogoditi, još uvijek tražim ispravku” nastavio je.
Bitcoin’s Resilience Is Improving
Melker noted that Bitcoin had become more resilient over the years, considering the sheer number of catalysts and zaraze vezane za tržište behind its drop compared to other bear markets. He also noted that the pioneer cryptocurrency had attracted a floor of die-hard believers who would increasingly make it harder to drive Bitcoin’s price drastically by offering adequate liquidity.
Prema njegovim riječima;
"If we are being honest with ourselves, we should feel lucky if Bitcoin does not drop more than it did in 2017...The catalysts for this current correction are far more serious. This proves that Bitcoin is strengthening over time and will probably continue to soften its gains and losses in each cycle.
U vreme štampe, Bitcoin (BTC) was exchanging hands at $23,181, up 0.61% in the past 24 hours.
Izvorni izvor: ZyCrypto