Bitcoin Sentiment Unwavering At ‘Extreme Fear’, Analysts Maintain Full-Scale Bull Market On The Horizon

Oleh ZyCrypto - 2 tahun lalu - Waktu Membaca: 2 menit

Bitcoin Sentiment Unwavering At ‘Extreme Fear’, Analysts Maintain Full-Scale Bull Market On The Horizon

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 menderita kerugian yang signifikan sejak awal tahun baru. Cryptocurrency terbesar berdasarkan kapitalisasi pasar memulai tahun dengan pergerakan menyamping, gagal memenuhi ekspektasi pasar karena terus memangkas keuntungan tahun lalu.

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 pemegang. Itu 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.” Dia menegaskan.

Similarly, investor and Bitcoin content creator Ben Armstrong maintains that Bitcoin is far from hitting the top. 

“Saya hanya tidak berpikir $69,000 adalah yang teratas, dan ketika saya melihat fundamental makro pasar secara keseluruhan, paus dan institusi masih membeli.” Dia mengatakan dalam sebuah wawancara baru-baru ini.

Grafik BTCUSD oleh TradingView

Dia melanjutkan dengan mengatakan bahwa kontinu 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, hanya karena dia yakin harga akan melonjak secara eksponensial.

"Saya harap tidak. Saya tidak berpikir kita akan menuju ke sana, tetapi pada akhirnya jika $69,000 adalah yang teratas dan kita mengalami penurunan seperti itu, saya benar-benar akan membelinya, ”tambahnya. 

Pada waktu laporan, 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.

Sumber asli: ZyCrypto