דורך ZyCrypto - 2 יאָר צוריק - לייענען צייט: 2 מינוט
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 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 האָלדערס. די 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.” ער האט באשטעטיגט.
Similarly, investor and Bitcoin content creator Ben Armstrong maintains that Bitcoin is far from hitting the top.
"איך נאָר טאָן ניט טראַכטן $ 69,000 איז געווען די שפּיץ, און אַזוי ווי איך קוק אין די קוילעלדיק מאַקראָו פאַנדאַמענטאַלז פון די מאַרק, די וויילז און אינסטיטוציעס האָבן נאָך בייינג." ער האט געזאגט אין אַ פריש אינטערוויו.
BTCUSD טשאַרט דורך TradingViewHe proceeds to say that the קעסיידערדיק 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.
"איך האָף נישט. איך טאָן ניט טראַכטן מיר וועלן זיין כעדאַד דאָרט, אָבער לעסאָף אויב $ 69,000 איז געווען די שפּיץ און מיר האָבן אַזאַ אַ קאַפּ, איך וועט לעגאַמרע קויפן דאָס, "ער צוגעגעבן.
At report time, 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.
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