Bitcoin $114,988.95 price The article was found at $ 113,800 at the time of preparation and it was not a good day for the subcoins. Global risks, ongoing uncertainties and Trump’s continuous search for chaos rated some risk appetite. BTC declined to $ 112,650 in the last 24 hours. So what are the latest assessments of Young Ju, one of the world-renowned On-Chain analysts?
Crypto Money Bear Markets
Young Ju, who wrote that the bear markets started by looking at many meters in the months we left behind, then gave up this view. He even shared an apology text last month. So why was he mistaken? ETF and corporate crypto currency He noticed that the new market structure formed with the stories of the treasury disrupts the usual metrics and readings. In other words, both large whales accelerated their sales and crypto currency bull markets could continue.
The On-Chain Analyst, who acknowledges that this new structure is its own nature, summarized the situation in a single sentence as follows.
“Bitcoin whales realized their profits, but the bear markets were canceled because Michael Saylor had no“ Sell button ”.”
Essentially, with Saylor, we started to see too many companies following his way, and they do not have Sat buttons. They constantly accumulate and create more reserves, increase their profits with the value of their shares while enlarging their reserves. As a result, what we see is an interesting accumulation cycle. As the wheel continues to turn Bitcoin A cycle that requires the rise of the price.
Bitcoin cycle
To date, the rhyme and the rhyme of the cycles were extremely solid. But at the point we have come today Crypton We see it entering free verse mode. Nevertheless, we are in another period with rhyme and perhaps longer stages. In this period, we can even say that new stages will open the lock of non -repetition periods and even ETF approval, institutional treasures and so on. Of course, this new era will have stages in itself.
Daancrypto is trying to understand and explain what I expressed in the first paragraph when he says in the following cycle assessment, “Something that no one can know after that.” The analyst wrote the following for the past, present and tomorrow of the cycle;
“This cycle was incredibly stable. This is the ripening and growing market as well as Saylor, ETFThanks to the consistent corporate proposals of the Treasury companies.
When asked 2-3 years ago, my main estimate for this cycle was the range of $ 120,000-150,000. We have reached the lower limit of this price range, which is already great. Remember, when I said that, the price was $ 15,000-20,000, so don’t say that I was a bear (because I’m not). I will not connect myself to my estimation 2-3 years ago. We will see where we will arrive this year.
Something that no one can know what will happen next. I will continue to be optimistic until the trend in the larger time frame changes or enters the stage of enthusiasm where the market is rapidly overheating. The truth is that he likes to do the crazy things in the final stages of this market cycle. In 2017, people thought that the $ 10,000 was an absolute summit. However, when this level was broken, it took only 6 days to reach $ 20,000. Of course, that cycle was quite crazy and the market was much smaller. However, this shows that the border is the sky when you reach the summit. Therefore, I believe to reduce positions on the rise and increase the positions in the decline. You cannot consistently predict the summit or bottom, but you get a solid average price where you can be satisfied and disable your emotions by increasing and reducing positions. ”
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
