- Reputed analyst shares his detailed plan to stay bullish.
- He says for the next 3-6 months, the bull market can endure.
- A new BTC ATH price and altseason rally could be on the way.
With the price of BTC and ETH falling rapidly to lower targets, sentiment continues to plunge with it. At the moment, the CMC Crypto Fear and Greed Index is at a score of 27, marking a high ‘Fear’ sentiment. Amidst the growing FUD, a reputed analyst shares his detailed plan to stay bullish over the next 3-6 months and explains why he chooses to remain bullish while most others have gone bearish.
Reputed Analyst Shares His Detailed Plan to Stay Bullish
It’s been a rough start to a new week and month, with prices of both BTC and ETH falling at a rapid pace. To highlight, the price of BTC has dropped from $107,000 to $104,000 in the past 24 hours, while the price of ETH has fallen from $3,700 to $3,400 in the same time frame. This marks over a 3% drop for the price of Bitcoin and over a 6% drop for the price of Ethereum, leading to growing FUD sentiments.
At the moment, it seems that the bulk of the crypto market seems to have turned bearish. At first, it was one a handful of analyst seeing bearish signs and preaching a bear market arrival, but following the $20 billion liquidation event early last month, more and more analysts have been steadily turning bearish as crypto prices continue to fall to lower price targets. In contrast, only a few analyst remains bullish.
As we can see from the post above, the analyst in the video seems to be one such bullish analyst who remains to make bullish trade strategies. In detail, he goes on to share his 3-6 month plan to stay bullish and how best to navigate the challenging state of the current crypto market. To start off, he confirms that all fundamentals have remained the same for a bull market to continue.
Analyst Shares 3-6 Months of Reaming Bullish Plan
Additionally, he states that the only thing that has changed is sentiments and especially the state of altcoins specifically. He says that crypto native investors are only looking at altcoins and not factors like Bitcoin and other financial indicators, which is why they are so bearish at the moment. The analyst then confirms that as long as Bitcoin stays above the 50-week SMA, chances for it to hit new highs above $125,000 is high.
He says liquidity conditions are good, Bitcoin Dominance is on a weekly macro downtrend, and more rate cuts are coming, all bullish signs. What is happening now could be a late or early cycle correction. Thus, he concludes that he is heavily bullish for altcoins in particular. He concludes by stating that the next time BTC sets a new high, perhaps in the $130,000 to $135,000 price range, and altcoins rally is when traders should start taking profits.
