- Thursday’s crypto market crash has prompted several reactions.
- Crypto analysts believe the pullback will not last long.
- Investors search for crucial buy zones amid ongoing crypto market decline.
Thursday’s crypto market crash has prompted several reactions. Industry stakeholders analyzed the causes and potential implications of the market-wide price collapse. Bitcoin fell below $100,000, but crypto optimists say the pullback is a blessing and presents investors with profit-making opportunities.
The bearish pressure continued into the early hours of Friday, with Bitcoin breaking below Thursday’s $95,537 low to reach a $93,887 daily low. That level marked Bitcoin’s lowest price in over one week amid a significantly bullish uptrend that saw the cryptocurrency reach a record $108,364 on December 17.
While most retail crypto investors are waiting to see how the market develops, analysts are making their next moves. Most say the correction is temporary. One analyst said there would be a video streaming session Friday to give a crypto market overview and help traders find critical levels for entering the market.
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The analyst is renowned for making crypto market predictions based on trends and technical analysis. He sounded bullish in his announcement, presenting clearly that his video streaming session would cover identifying crucial buy zones for altcoins.
Expectations for an Altcoin Season
Altcoin investors have high expectations for an upcoming altcoin season. Many investors believe a capital transfer from the Bitcoin ecosystem and possible regulatory improvements will make altcoins rally in 2025.
Nonetheless, the crypto market has remained bearish in the past 24 hours, following hawkish statements from Federal Reserve chair Jerome Powell after a recent FOMC meeting. Crypto proponents believe the market would weather the impact of the bearish news before making a notable recovery ahead of a potential bull run.
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