Av ZyCrypto - 2 år sedan - Lästid: 2 minuter
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 lidit betydande förluster sedan början av det nya året. Den största kryptovalutan efter börsvärde inledde året med rörelser i sidled och uppfyllde inte marknadens förväntningar eftersom den fortsatte att raka av förra årets uppgångar.
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 innehavare. De 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.” Han bekräftade.
Similarly, investor and Bitcoin content creator Ben Armstrong maintains that Bitcoin is far from hitting the top.
"Jag tror bara inte att 69,000 XNUMX $ var toppen, och när jag tittar på marknadens övergripande makrogrunder har valarna och institutionerna fortfarande köpt." Han sa i en nyligen intervju.
BTCUSD-diagram av TradingViewHan fortsätter med att säga att kontinuerlig 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, helt enkelt för att han är säker på att priserna kommer att stiga exponentiellt.
"Jag hoppas inte. Jag tror inte att vi kommer att vara på väg dit, men i slutändan om $69,000 XNUMX var toppen och vi har en sådan nedgång, kommer jag absolut att köpa det, tillade han.
Vid rapporttid, 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.
Ursprunglig källa: Zycrypto