After Bitcoin’s sharp declines, analyst comments continue to come one after another.
Buğra Sukas, who has come to the fore with his accurate predictions recently, mentioned the declines after the Chinese news and said, “There is panic in the market, if there is panic, we have to wait for appropriate support, there is no need to be a hero. It is most logical to wait during this period,” he continued.
Stating that those who triggered the decrease from $ 45,000 and those who want to see below the $ 40,000 level are the same people, the famous name underlined that there is a great support at the $ 40,000 levels.
In the continuation of his statements, “There is no need for excitement, I do not take risks at these levels, there is no need to take risks. “Once you see the direction is up or down, it makes sense to position accordingly,” he said.
Emphasizing the importance of the $35,000 – $38,000 band with the breaking of the $40,000 level, the analyst said that if BTC is in an upward wave, it should rise above the green trend line on the chart without falling further.
Referring to AVAX in a part of the video, the famous name said, “If BTC turns from here, AVAX will explode seriously, but I still wait for the direction to be finalized.”
You can watch the whole video, where many more topics are discussed, below: