Those who don't care about FUD go straight for it! Time to regain confidence and positive sentiment.
Some breathing room after the bloodshed in the crypto market over the last few days...hard to forget.
We are or we are not in a Bear phase of the market, analysts are groping in the dark, it is easier to think that btc's run has stalled for a while and that it will take a long time before it will recover all that it has burned.
Some still nostalgically remember the moment when it had crossed 64k.
Yet despite this black moment for the crypto market the popular pseudo-anonymous crypto analyst KALEO, remains positive on both bitcoin and ethereum.
Coindesk
On the other hand it would be enough to remember that btc a year ago had yet to reach 10k dollars.
Anyway for Kaleo if BTC is able to flip this H12 level we could see a major move and think again to important figures while for ETH there is the opportunity to touch 10k,Twitter at the end of 2021.
Regardless of the thoughts of any analyst influencer, it must be kept in mind that despite bearish sentiment with the rise of energy FUD and China's crackdown on mining, Bitcoin and altcoin adoption has increased recently, in addition to increased interest from institutional investors.
According to Alex Mashinsky, the CEO of Celsius,the strong entry into the sector by Nigeria, Brazil and El Salvador, could push the price up to $160,000 by the end of 2021.
In short everyone has their own idea or hope, of Bitcoin recovery, one thing is for sure that in this moment of decline while panic selling makes people sell off their cryptos someone instead is making big stocks especially of BTC.
We need to regain confidence and positive sentiment, only in this way the bad news and even the fake ones, will no longer affect the choices of investors, or the crypto market will remain at the mercy of the whales increasingly large and powerful.
If you're a bull, nut up and be a bull.
Don't trade against yourself.
Kaleo.