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Bitcoin Bull Run Over, Bear Market Begins: Analysts Claim False Calls Confirming Greater BTC Cycle Top Ahead
Despite numerous calls claiming the end of Bitcoin’s (BTC) bull run and the start of a bear market, seasoned analysts are adamant that such claims are false and instead confirm a steady pump for new all-time highs (ATHs) in the coming days.
Bitcoin’s continued decline in dominance and prolonged sideways movement have led to a drop in market sentiment. As more traders and new investors succumb to FUD (fear, uncertainty, and doubt), fresh calls emerge for the end of the bull cycle and the onset of a bear market. Nevertheless, analysts are unwavering in their stance that a higher high is imminent.
In an explosive tweet, one prominent analyst suggests that previous false claims regarding the end of the bull run when BTC dropped from $49,000 to $38,000 this year have been proven incorrect. He further underscores the likelihood of Bitcoin retesting the $88,000-$90,000 level before continuing its upward trajectory.
As market sentiment plummets, investors are advised to remain cautious and avoid falling prey to short-term market fluctuations. Instead, it is crucial to stay informed about recent trends and developments in the crypto space.
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Source: cryptonewsland.com
