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Analyst calls this a ‘very natural corrective move’ for Bitcoin, before 2022
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The ongoing cryptocurrency market correction has reentered the zone of “extreme fear.” BTC was at its lowest since 7 September, when it crashed by over $10K in 24 hours. In fact, 26 November was particularly tumultuous for the entire market, with the bears clearly having the upper hand.
That said, despite the bearish momentum, the long-term narrative still looked bullish for Bitcoin. However, the question remains- is there a reason to worry about Bitcoin in the near term when the long-term predictions look healthy?
Popular crypto strategist and trader Michaël van de Poppe explained his perspective in a YouTube video, to address this scenario. He said the largest crypto token is going through a combination of concerns about more lockdowns as
Read more on ambcrypto.comAbout this in other media
Analyst: ‘Deflationary forces’ present an optimistic outlook for BTC, ETH in 2022 ambcrypto.com /3 years ago
Surmise of outlook 2022 for Bitcoin, crypto sector looks like this ambcrypto.com /3 years ago
Strategist warns of short-term volatility for bitcoin, explains how to trade it cnbc.com /3 years ago
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