- Reputed analyst claims most important part of crypto cycle is underway.
- Some wonder if the crypto market is printing its final bottom this bull run.
- Others remain adamant that new ATH prices are ont he way for the market.
Analysts continue their daily debates over what to expect next for the crypto market, bullish or bearish reversals? Presently, one reputed analyst claims most important part of crypto cycle is underway. Similarly, another analyst believes the crypto market is in the middle of forming a crucial bottom. He says that the crypto market takes time to form bottoms, but when it does, the bullish return will be monumental.
Reputed Analyst Claims Most Important Part of Cycle Underway
Presently, the price of BTC and ETH seems to be trading at lower prices, and analysts believe the crypto market is preparing for a major bullish reversal as it currently is working on completing a crucial bottom. While the majority is leaning towards a bearish continuation, leading to the start of the major bear market, only a handful seasoned analysts cling to a major bullish reversal and a prolonged bull market.
As we can see from the post above, this analyst and crypto enthusiast says that the market is at the most important part of the cycle, and it’s unlike anything anyone could have ever predicted. While retail is sleeping or leaving altogether, there’s a possibility that crypto prices are about to enter a phase of rapid liquidity expansion, the kind that fuels crazy upside in risk assets. Despite this expectation, the analyst shares an urgent warning.
In regard to what the FED is getting ready to do, Ray Dalio basically went viral for saying, “Any way you cut it, it’s an easing move”, essentially, Dalio pointed out that in the past, QE came when assets were cheap, when the economy was weak, and when inflation was low. Back then, it was “stimulus into a depression”, but this time, it’s the opposite, asset valuations are at highs, the economy is pretty strong, and Inflation is still above target.
This means the market won’t be easing into a crash, but rather, it will be easing into a bubble. Thus, the post concludes that when the Fed eases into strength, liquidity surges, risk-taking returns, and money floods into anything with a long runway like tech, AI, and crypto. Hence, if the Fed’s balance sheet begins to expand, if rate cuts hit while deficits stay huge, that’s the melt-up. This all sounds bullish, and it comes with a great opportunity, meaning an exit strategy is critical.
Crucial Crypto Bottom Formation Complete?
The post above talks about how bottoms almost always take time to form, and the market often gets a pattern of three drives down, sweeping equal lows and sweeping liquidity. It’s a nasty process of grinding down market participants and giving them bits of hope, only to swipe it away again, says the analyst. All in all, this analyst says to remain patient, for a major upward movement for altcoins may be underway.
