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Home»Market»Analyst Issues Urgent Crypto Alert, Says Market May Fall – Here’s His Outlook
Market

Analyst Issues Urgent Crypto Alert, Says Market May Fall – Here’s His Outlook

December 28, 2024No Comments
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A widely followed analyst is suddenly issuing a warning that the crypto market may not be done correcting.

Pseudonymous crypto trader Kaleo tells his 675,300 followers on social media platform down.

“I still think there’s a chance we see a little bit lower across the board before we start tearing up again. Just enjoy the peace and quiet here while it lasts. When we start to progress again, it will be violent. Up only requires a lot more energy than any other phase in the market. Plan accordingly before he returns.

Other analysts are also weighing in on market conditions with similar bearish near-term forecasts.

Widely followed crypto analyst Justin Bennett told his 115,800 followers on social media platform

“That ETH chart I posted (December 21) showing $3,541 as weekly resistance was one of my crypto concerns heading into Christmas. Notice where Ethereum struggled this week. Yes, we had a rebound at Christmas, but it was low volume and mostly retail. It still seems to me that we could see a decline in crypto before hitting the bottom point in early 2025.”

Picture
Source: Justin Bennett/X

Ethereum (ETH) is trading at $3,367 at the time of writing, down 2.8% in the last 24 hours.

The pseudonymous analyst known as Rekt Capital told his 115,800 followers on social media platform X that Bitcoin could return to lower levels as its Christmas rally appears to be short-lived.

“Looks like maybe this is the relief rally.” These previously lost supports appear to be acting as resistance at the moment.

Picture
Source: Rekt Capital/X

Bitcoin is trading at $95,945 at the time of writing, down 2.9% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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