Bitcoin has experienced a sharp decline in price after nearing the $100,000 mark. This drop has sparked comments from experts and analysts.
Has the Cryptocurrency Decline Ended?
Despite the drop, BTC holds above $90,000. CryptoQuant CEO Ki Young Ju reassures that the situation is not dire. The analyst noted that news of whale accumulation in Bitcoin has become routine, and most individual investors are aware of whale market dominance.
Comments on ETH and AXS Coin
Analyst Carl noted that ETH is currently at $3,354, and a breakout in the symmetrical triangle could push the price to either $3,980 or $2,920. Analyst Waleed Ahmet highlighted that consistent closures above $4.05 for AXS Coin suggest the potential for prices to rise above $13.
Expert Opinions Commentary
Experts are actively discussing the current market situation. Ki Young Ju claims the market is in a bull phase, and a drop of more than 30% is unlikely. He added that even with such declines, prices can recover quickly.
The cryptocurrency market continues to attract the attention of experts and analysts. Despite corrections, institutional demand remains high, supporting confidence in the market's future development.
