For six months, the cryptocurrency market has been showing a downward trend. A rebound after six months of decline, implying one to three months of growth (an internal structure rebound), could become a favorable phase for both the trend and traders.



Returning to hypothetical scenarios, let's assume that altcoins are at the bottom. Specifically, let's assume that Bitcoin (BTC) has already bottomed at the level of 60,000.

The question arises: why is there no obvious mass accumulation of BTC by major market participants?

The answer is very simple. Either there is an unknown method of closed accumulation that is not observable, and the market will turn in favor of the next altseason.

Or, the market has indeed not reached the bottom, and we are expecting a delayed, trigger-based decline of BTC into the range of 53,000 – 32,000.
BTC0.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin