cryptocurrencies It is losing strength for now after rising with the US inflation report. BTC fell to 110 thousand dollars. Next week will be very active, it is very likely that we will see double-digit ups and downs due to the impact of announcements and statements. Although optimism about the direction continues, the analyst nicknamed Mister Crypto is uneasy.
Long Term Bitcoin Investors
Long-term investors Bitcoin 
$111,463.88 When selling, short-termers buy and the peak of bull markets is determined. Yesterday, Martinez was 1064 days after the 2022 bottom. BTC He mentioned that since he reached the new ATH level this month, he now expects a decline. Mister Crypto focused on long-term investors and wrote:
“long term investors He sells his Bitcoins. This is normally the most optimistic group among Bitcoin holders… Do not ignore this data.”
In its evaluation this week, Roman Trading said that it would target five-digit prices in an environment where the 109-107 thousand dollar region was lost.
So should on-chain metrics be taken as seriously as before? This year, Ki Young Ju wrote that bull markets were over, looking at previous cycles. However, he later realized that he was wrong and apologized. If today on-chain metrics He spoke about those who underestimated.
“When my predictions turn out to be wrong, people say that the on-chain data is useless, but this is an error caused by the analyst making a wrong prediction, not the fault of the data.
Many analysts make different predictions using the same data. Data and predictions should never be considered the same thing. If you don’t like my analysis, unfollow me and follow someone else. But don’t stop examining the data. Even without CryptoQuant data, make your assessments by consuming data-based content.
“You don’t have to lose your mind just because the market is crazy.”
Bitcoin Cycle Analysis
Looking at the Bitcoin Everything indicator, Kelly Kellam says something else by looking at on-chain metrics. According to him, the on-chain metric is stuck at the decision point. If the 4-year cycle has ended, this is a squeeze signal. cryptocurrency It will be remembered as the harbinger of a big boom in the markets.
“If the market stagnates and continues to fall, I will watch for the lower support to break and buying to break out in the green zone.”
