Observant cryptocurrency strategists are predicting a massive expansion of the digital asset market similar to what happened in 2019.
The pseudonymous analyst The Flow Horse, also known as Cantering Clark. To tell His 182,300 X followers think the crypto market could end this year on a positive note.
In 2019, the cryptocurrency market bounced back from a disastrous 2018, saw the expansion of decentralized finance (DeFi) projects, and in 2020 and 2021 at the height of the COVID-19 pandemic. The stage is set for a massive bull market in 2020.
“If we keep thinking about 2019, we'll be fine until the end of the year.
No one knows what will cause a big movement like the new coronavirus infection, but I think that somehow similar things will be bought up in the same way. ”
Analyst too To tell He currently only trades Bitcoin (BTC).
“Right now I'm not interested in Altz. Due to location, the only cryptocurrency I trade is BTC.”
he Predict After the recent sudden correction in the Bitcoin market, we believe a short squeeze is likely to unfold after retesting the $25,117 level.
“After the first major test, we feel it is unlikely that the market will reach this level.
This seems like a great area to trap sellers, and perhaps a great place for long-term contextual R:R (risk/reward ratio).
I'll catch the falling knife. ”
A short squeeze is when a trader borrows an asset at a certain price in hopes of selling it at a lower price to make up the difference, but when momentum moves in the opposite direction, they are forced to buy back the asset, causing further price increases. Occurs when causing
At the time of writing, Bitcoin was trading at $26,200, up 1.3% in the past 24 hours.
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