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Crypto Winter Could ‘End’ With Investors Added To Positions, Market Analyst Says All Worst Thing Could pass

Some crypto investors said they are starting to buy more bitcoin (BTC) despite the recent bad market news. During “All About Bitcoin” “I think you are seeing more hodler coins starting to increase their exposure and add to their positions. “There is a possibility that the market winter is over.”Analysts at crypto research firm Delphi Digital wrote in a report Monday that if bitcoin follows the pattern from previous historical price cycles, it could drop as low as $10,000 before eventually rising.

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The key, Moya said, is whether bitcoin will “continue to show” that it “will not reflect the stock market’s weakness over steroids when we have our risk-averse days.”

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Moya added that the crypto may not emerge from the “choppy” waters for the next few months.

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BEAR MARKET
Realted : Nearly half of US adults say cryptocurrencies are worse than expected: Survey

“The majority of Wall Street, especially hedge funds, are expecting some pain in the stock market,” after Powell’s remarks that may provide a clue as to how high the next rate hike might be. This, too, could “aggravate the -c-r-y-p-t-o ,” Moya said

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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