Will Bitcoin Crash Again Before Next Major Leg Up? Experts Weigh In Amid Increased ‘FUD’ from BTC Whales
As Bitcoin continues nearing its all-time high, speculation is swirling around whether the top cryptocurrency could be due for another major crash before kicking off its next major move. Several analysts are pushing back on the bearish “FUD” (fear, uncertainty and doubt), pointing to evidence that Bitcoin’s cyclical dynamics suggest the path of least resistance remains skewed to the upside.
In a thread, the popular crypto analyst @StockmoneyL outlined four key findings arguing against an imminent Bitcoin price collapse. They distinguish between Bitcoin’s approximate 4-year halving and bear/bull market cycles, noting the latter’s phases appear to be gradually shortening the accumulation and bear market periods while extending the pre and post-halving bull runs.
“There are strong reasons supporting this [extended bull run]: ETF narrative (billions of fresh money entering), ATH before halving (first time!) and an overall matured market with a strong investor base,” they wrote. The @StockmoneyL analysis suggests dips are becoming shallower too, with recent corrections only around 20% versus 50% drawdowns in prior cycles due to increasing demand overtaking supply.
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Show more +The thread concludes “there is currently little evidence we might see a nearing crash. On the contrary, we believe that the approaching halving will initiate another strong leg up.”
Echoing the bullish outlook, popular influencer @AshCryptoreal accused “whales” of purposely trying to induce fear and shake out weaker hands before Bitcoin’s epic rise potentially to $100,000 based on their ETF projection. “These 20%-30% corrections are very common in bull market and you can’t make 600% gains if you are scared of 20% drops,” they tweeted.
The dueling narratives reflect the conflicting sentiments around Bitcoin’s near-term trajectory. A decisive break above or below the current range could dictate whether the crypto downside risks or bull case plays out heading into the asset’s next milestone halving event next month.
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