Le ZyCrypto - 1 bhliain ó shin - Am Léitheoireachta: 2 nóiméad
“Níl an t-am agam éirí ró-spraoiteach fós”, a deir Pundit Bitcoin Níorbh fhéidir Aghaidh a thabhairt ar cheartú níos doimhne fós
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 plunge níos ísle.
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”.
“Do 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.” Dúirt sé.
Gan Ró-ghasta
The pundit warned investors against getting too excited, commenting on this month’s pump, urging them to drop the “Bitcoin up only” assumption.
"Fós féin, ní dóigh liom go bhfuil sé in am éirí ró-thógtha go fóill. Nílimid ach sa chéad mhí den bhliain agus tá a fhios againn go dtiocfaidh ceartúcháin agus gur minic a thagann na slógaí is mó i margaí béar,” a dúirt sé.
ar 25 Eanáir, Bitcoin surged as high as $23,800 before tracing its move to settle below the $23,250 resistance.
Dar le Melker, d’fhéadfadh go mbeadh an fhriotaíocht sin ina chonstaic chrua don phraghas, le buaic mhór ar an gcairt 4 huaire ag tabhairt le tuiscint gur “spráil leachtachta do shorts” a bhí sa limistéar.
"Rachaidh mé ar aghaidh go cúramach," thug sé faoi deara, ag cur béime nach raibh mórán le déanamh mura ndúnann coinnle os cionn nó faoi bhun na friotaíochta sin. “Cé go mb’fhéidir nach dtarlóidh sé, tá ceartúchán fós á lorg agam,” chuaigh sé ar aghaidh.
Bitcoin’s Resilience Is Improving
Melker noted that Bitcoin had become more resilient over the years, considering the sheer number of catalysts and gabhálacha a bhaineann leis an margadh 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.
Ina focail;
"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.
Ag am preasa, Bitcoin (BTC) was exchanging hands at $23,181, up 0.61% in the past 24 hours.
Foinse bunaidh: ZyCrypto