Expert financial analyst Holger Zschaepitz He said that although the bullish performance of Bitcoin (BTC) in recent months is valuable, it will not be enough for the crypto market to recover.
Holger Zschaepitz is a recent social media in your postBitcoin 30 thousand dollars He emphasized that breaking the resistance is just the beginning, but more is needed for a sustainable cryptocurrency bullish season.
Bloombergof “Bitcoin breaks $30,000, is another crypto rise soon?Stating that altcoins are still far behind Bitcoin’s performance in his post, which he shared by adding his news titled ”, the analyst said, Ethereum (ETH) He even noted that it moves slowly compared to past bull seasons:
bitcoin‘s over $30,000 is just the beginning. It will take more fuel than that to sustain the crypto’s bullish momentum. Bitcoin has risen 83% since the beginning of the year, but this has not been reflected in altcoins. Ethereum, which has largely outstripped Bitcoin in 2020 and 2021, has increased by 71% for now.
Acknowledging that Bitcoin’s sudden recovery is a remarkable reality, the analyst still clearly states that more is needed to compensate for the serious bankruptcies and losses experienced in 2022.
Many altcoins are already at their peak price. 80-85% It is priced below around around and altcoins need to be included in the rise for the crypto money industry to enter a fundamental recovery process.