Partial Recovery! Striking Bitcoin Statement from 2 Analysts

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After the modest increase in the Bitcoin (BTC) price today, an evaluation came from an analyst known for his bearish analyzes in the cryptocurrency market. Accordingly, il Capo of Crypto makes an assessment of the current situation of BTC.

il Capo’s bear perspective

In a message to his followers, il Capo of Crypto reiterated his bearish stance on Bitcoin’s recent price increase. He argued that when he analyzed recent “pumps,” a consistent pattern emerged. According to him, these price increases often exhibit a common pattern. Artificial demand creation by certain individuals or organizations and repeated price movements as a result.

The analyst states that these small price fluctuations serve the purpose of attracting investors. He then claims to use these as a source of liquidity for exit strategies run by certain whales in the market.

Weakening pump movements for Bitcoin

il Capo claims that these pump movements are gradually losing power. He attributed this decline in their effectiveness to the reduction in funds available to the organizations that initiated these price fluctuations. As a result, he noted that Bitcoin’s price trajectory is heading below the $25,000 mark.

It is worth noting that some analysts who were previously bearish on Bitcoin BTC had $12,000 as their ultimate target for the cryptocurrency. Although il Capo has previously made bullish statements about the price of BTC, it is clear that he has shifted towards a more pessimistic outlook in the current market climate.

Analyst Mag explains triple phase for Bitcoin

According to Analyst Mag, there are three phases of the Bitcoin bull market. The first stage is the bottom stage, where there is maximum pain. According to the analyst, the journey begins with the first phase, which is characterized by what is often referred to as “Maximum Pain”. During this period, Bitcoin experiences a long-term downward trend. Accordingly, it causes uncertainty and fear among investors. Prices fall and the market looks like it will never recover. This phase forms the basis for subsequent market movements.

In the second stage, there is reaccumulation. This place is slow and boring according to the analyst. The market adopts a slow and seemingly uneventful pace. Prices can remain relatively stable. Additionally, the general atmosphere is becoming stagnant. This phase is often marked by consolidation and accumulation by savvy investors who recognize the potential for a future bull run. It is a critical period when the smart money is positioning itself for the next significant price increase.

final stage

In the third and final stage, the rally of the bull market begins. The final stage is where the real excitement occurs. During the “Bull Market Rally” phase, Bitcoin gains significant momentum and attracts great media and public attention. Prices rise to all-time highs. Thus, cryptocurrency makes headlines. At this stage, many people begin to hear about crypto and its extraordinary returns.

Although the third stage is the most interesting stage according to analysts, experienced investors know that the best opportunities lie in the first two stages. These are times when the risk-reward potential is highest. Smart investors position themselves strategically at these stages. Accordingly, when the bull market finally takes off, it sets the stage for significant gains. When we look at Kriptokoin.com, when past cycles are examined, it appears that Bitcoin is currently in the second phase, the Reaccumulation phase. This means that the cryptocurrency is going through a period of stability and consolidation, laying the groundwork for potential future growth.

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