Crypto Market’s Bullish Trend Remains Intact Despite Intermittent Pullbacks – Analyst

Crypto market pullback is normal, not enough reason to panic. Current panic among retail cryptocurrency traders is not justified. Crypto users’ edgy behavior results from unfulfilled expectations. Bitcoin entered into a consolidation after the latest price surge, leading to minor price pullbacks. BTC registered a bearish weekly candle for the first time in the past six weeks. However, many retail investors feel disappointed, probably because the recent momentum did not push BTC above the existing all-time high. In his latest podcast , a renowned crypto analyst berated the retailers’ reaction following the slight pullback in the crypto market. According to the analyst, pullbacks are normal during bull runs, and investors must expect them to happen. The analyst explained why crypto users’ panic is unjustified, noting that the market might experience a deeper pullback without changing the overall narrative of a bullish trend. Although the analyst’s argument is substantive and highlights the crypto market’s classic behavior, the users’ reaction could result from impatience, considering how long they have waited for the characteristic parabolic crypto … The post Crypto Market’s Bullish Trend Remains Intact Despite Intermittent Pullbacks – Analyst appeared first on Coin Edition .

Source: Coin Edition