A widely followed crypto analyst says that investors should continue to hang on because we are far from the start of the crypto bear market.
In a new video update, Guy Turner, the Office Coin host, told its 2.66 million YouTube subscribers that the markets are still too optimistic for merchants to reflect on a lower market that starts so early, despite the industry that took a “strokes” recently.
According to Turner, we are still during the Bitcoin season (BTC), because the domination of the BTC is still increasing. He notes that when the time comes to go to the Altcoin season, which seems to arrive soon, the first 10 altcoins by market capitalization will probably see the most entries.
“The domination of the bitcoin continues to climb … take a look at the indicator of the Altcoin season, we are still clearly in the Bitcoin season, but you will also notice that we are also at levels where this trend has historically reversed, with more flourishing money in Altcoins.
In our opinion, the Altcoins that will see the most investment will probably be those of the Top 10 by market capitalization, although this also means that potential gains will be considerably lower. »»
The Crypto King is negotiated at $ 84,542 at the time of the editorial staff, a split increase of the day, while its level of dominance is currently at 63.9%.
Turner continues by saying that the United States regulatory reversal on digital assets will also greatly strengthen the industry, both in the retail and institutional trade, therefore traders should not yet think of abandoning.
“Crypto regulators in the United States have become much more user-friendly for the industry thanks to the pro-Crypto position taken by the Trump administration …
We believe that this will help attract a wide range of investors on the cryptography market over time, whether retail or institutional investors, and that is also why we think that the market has taken an absolute hit lately, we should not yet exploit …
The overall image is still too optimistic for us to be concerned about a lower market from it anytime soon. »»
https://www.youtube.com/watch?v=jzn2kjyouam
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