Alex Krüger highlighted factors like over-leverage, negative Ethereum sentiment, and altcoin speculation
In the middle of a crypto-market downturn, the age-old mantra of “buying the dip” has resurfaced, enticing traders and investors with potential bargains. And yet, Markus Thielen, CEO of“Buying this dip is still too early. Technically, we still expect Bitcoin to trade below 60,000 before a more meaningful rally attempt is started.
For his part, the exec anticipates a further market decline before any significant recovery on the charts.s analysis also shed light on the multifaceted factors contributing to the recent price volatility, painting a nuanced picture of the current landscape.#2 ETH driving market south With over-leverage, negative sentiment from Ethereum, and speculative activity in altcoins all playing a role, the market is now at a critical juncture.
As investors await the Fed’s decision, the crypto-sphere remains on edge, poised for potential turbulence and significant fluctuations in the days ahead.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.
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