Experienced analyst stated that the recent decline in cryptocurrencies could be the beginning of an altcoin season.
Bitcoin and altcoins experienced their fastest decline in 4 months in the early hours of December 11. In many projects decline of 10% or more While it was seen, it decreased to $ 40.00 Bitcoin managed to quickly rise above 42 thousand dollars.
The latest decline is a healthy correction. indicating “RamenPanda” pseudonymous trader And analystinvited investors to be ready for the altcoin season.
Bitcoin will remain horizontal for a while and this stagnation will accompany it. crazy altcoin rises The trader, who implied that he would bring it, included the following statements in his statement:
I have told you many times that a sudden decline could come, and it did. It will take some time for Bitcoin to maintain its upward trend, and in the meantime, there will be a good altcoin season. Everyone take their seats, because tears of regret don’t taste very good.
A similar statement regarding the fall in the statement cryptocurrency analyst and Reflexivity Research co-founder Will Clementethese last movements positive for the market He emphasized that it was.
With a sudden downward movement $400 million The analyst pointed out that the futures position was liquidated, thus the market cleared of weak hands and highly leveraged positions defended.