Pa ZyCrypto - 2 zan de sa - Tan Lekti: 2 minit
Bitcoin Santiman enkondisyonèl nan 'ekstrèm laperèz', analis yo kenbe mache ti towo bèf konplè sou orizon an
Bitcoin has been faltering since the start of the year as markets continue to waver.Investors are getting more fearful.Analysts reveal sentiments that will drive an upwards shift for Bitcoin.Bitcoin, the benchmark cryptocurrency has suffered significant losses since the start of the new year. The largest cryptocurrency by market cap started the year with sideways movements, failing to meet market expectations as it continued to shave off last year’s gains.
The bearish wave for Bitcoin has become even more intense as the weekend closed off with the cryptocurrency market recording more than $900 million in liquidations. Bitcoin long positions got rekt severally too, as more than 40% of long leveraged positions got wiped off.
The result of the market sweep has increased fear for Bitcoin moun ki gen. La Bitcoin fear and greed index continues to show that the market is in extreme fear.
However, popular crypto analyst “Rekt Capital” has taken to Twitter to nurse the wounds of worrying Bitcoiners. A blessing in disguise is exactly what the analyst believes the bear market is. From his standpoint, the extreme fear expressed by investors is exactly what is needed for Bitcoin to make a turnaround and head back up.
"Bitcoin investors are getting extremely fearful which is exactly what needs to happen for Bitcoin to get closer to a price reversal.” Li te afime.
Similarly, investor and Bitcoin content creator Ben Armstrong maintains that Bitcoin is far from hitting the top.
"Mwen jis pa panse $ 69,000 te pi wo a, e konsa pandan m ap gade nan fondamantal macro jeneral yo nan mache a, balèn yo ak enstitisyon yo te toujou ap achte." Li te di nan yon entèvyou resan.
BTCUSD Tablo pa TradingViewHe proceeds to say that the kontinyèl Bitcoin purchase from whales is anything but bearish as if said, whales are buying Bitcoin in the same manner that MicroStrategy’s Michael Saylor is buying; buying Bitcoin at any point, simply because he’s certain prices will surge exponentially.
"Mwen espere pa. Mwen pa panse ke nou pral dirije la, men finalman si $ 69,000 te pi wo a epi nou gen kalite sa a yon gout, mwen pral absoliman dwe achte sa, "li te ajoute.
Nan moman rapò a, Bitcoin bulls are struggling to break above $43k. The big bull is already down more than 7% in the last 7 days. Like Bitcoin, most altcoins are also either struggling to break upwards or hold prices at support and push forward.
Sous orijinal: ZyCrypto