The cryptocurrency industry has been experiencing a very active period in recent hours. The leading cryptocurrency, Bitcoin, worried many investors with the harsh sales pressure it encountered after a long break. However, with the sudden dissipation of the bullish perception in the market, it is thought that the declines were not as bad as predicted. Turkish crypto analyst Crypto Kemal evaluates this situation in Bitcoin and offers an important analysis of the market.
Analysis of Crypto Kemal
Crypto Kemal states that despite the recent declines, many altcoins closed above their support levels. Evaluating this situation as “positive”, Kemal states that Bitcoin has cleared the bottom of the trend and that one day should be waited to fully understand the situation. He emphasizes that if Bitcoin closes above $35,500, it would mean that we are over this decline.
Strategic Change
The analyst also shares a strategic position change he took against the fluctuations in the market and Bitcoin. He explains that while investing, he reduced his position from 3 leverage to 1.5 leverage by selling it. He states that if he gained 10, he gave back 3. However, the fact that it did not close all positions can be considered as a reflection of its strategy to be ready for a possible return in crypto money and Bitcoin in the future.
No Despair
In his last words, Crypto Kemal states that he has taken an important step to act in a healthy way and evaluate the future of the Bitcoin market and states that they will focus on the market again tomorrow.
Although the fluctuations in the world of cryptocurrency and Bitcoin have increased the concerns of many investors, Crypto Kemal’s Bitcoin analysis shows that the situation is not completely hopeless and carries signs of a potential recovery in the market. Investors should continue to closely follow the developments in the Bicoin market and benefit from expert opinions.
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