د ZyCrypto لخوا - 1 کال دمخه - د لوستلو وخت: 2 دقیقې
“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 ښکته غورځول.
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”.
د 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.” هغه زياته کړه
ډیر چټک نه دی
The pundit warned investors against getting too excited, commenting on this month’s pump, urging them to drop the “Bitcoin up only” assumption.
"بیا هم، زه فکر نه کوم چې دا د ډیر لیوالتیا وخت دی. موږ یوازې د کال په لومړۍ میاشت کې یو او موږ پوهیږو چې اصلاحات به راشي او دا چې ترټولو لوی لاریونونه اکثرا په بازارونو کې راځي. هغه وویل.
د جنورۍ په ۲۲ مه Bitcoin surged as high as $23,800 before tracing its move to settle below the $23,250 resistance.
د میلکر په وینا، دا مقاومت کولی شي د قیمت لپاره یو سخت خنډ رامینځته کړي، د 4-ساعت چارټ کې د پراخ پرمختګ سره دا وړاندیز کوي چې ساحه "د شارټونو لپاره د مایع غصب" وه.
"زه به په احتیاط سره پرمخ ولاړ شم" هغه یادونه وکړه، په ټینګار سره چې شمعې د دې مقاومت څخه پورته یا لاندې تړلې نه وي، لږ څه کول شتون لري. "په داسې حال کې چې دا ممکن نه وي، زه لاهم د سمون په لټه کې یم." هغه روان شو.
Bitcoin’s Resilience Is Improving
Melker noted that Bitcoin had become more resilient over the years, considering the sheer number of catalysts and په بازار پورې تړلې ناروغۍ 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.
د هغه په وینا
"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.
په مطبوعاتي وخت کې ، Bitcoin (BTC) was exchanging hands at $23,181, up 0.61% in the past 24 hours.
اصلي سرچینه: ZyCrypto