Bitcoin prices have been causing a lot of confusion in the marketplace. Investors are now very worried about Bitcoin’s price, and have come up with theories to determine if the bear market has arrived. X-Handles have been able to come up with theories stating that the ultimate bear market momentum has finally arrived. Bitcoin’s recent plunge is nothing but a correctionBTC is aiming for higher prices.
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Bitcoins to Rise Higher and Not Lower
The latest article by Kobeissi Letter states that Bitcoin’s recent plunge to $93K has been the topic of conversation in the cryptocurrency industry. KL’s portal was quick in motivating investors by pointing out that BTC’s recent price drop is only a temporary adjustment, which will help the asset to move upwards.
This portal explained that Bitcoin lost 25% of its worth in just 10 years. Later, the portal shared more data highlighting major BTC drops since 2017. It stated that BTC has always recovered stronger than it was before.
“To all the crypto investors anxiously watching right now: Since 2017, Bitcoin has seen 1. 10+ declines of -25% or more. 2. 6 declines of -50% or more. 3. 3 declines of -75% or more Every single decline of the current magnitude or more since Bitcoin’s inception has been followed by new record highs. Disruption is not easy, but it pays when you can sound out the noise. This is a “нормаионно” crypto bear market, which we believe is already closer to its end than its beginning. Volatility brings opportunity.”
Analyst Claims BTC Is Under A Reset Zone
A notable Portal on X CryptosRUsBitcoin was said to be in a zone of reset. Despite denying the BTC dive theories, portals like shared the fact that Bitcoin will eventually reach its bottom but is also ready for an eventual breakout.
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Source: watcher.guru
