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Analysts Comment on Bitcoin (BTC) Fall: The Expected Moment Has Come!
The cryptocurrency market felt the atmosphere of panic on the morning of December 11. #BTC experienced an interesting decline on the night of December 10 and dropped to $ 40,400. BTC's decline was instantly at 7 percent. Following this decline, altcoins also retreated. Thus, BTC erased all the gains of the last week. In addition, the sharp downward movement in BTC reached its lowest level in four months.
BTC's decline, which created a pessimistic environment, was interpreted positively by crypto analyst Will Clemente. Clemente argued that this decline was a correction and not a surprise. Another comment came from popular analyst Ramen. Ramen pointed out its sub season.
After the 7 percent drop in #Bitcoin (BTC) that marked the day, crypto investors became uneasy. BTC dropped a needle to $40,400, making us think that the bullish scenario may be over. However, this situation was interpreted positively by many people. One of these comments came from crypto analyst Will Clemente.
Clemente, who shared his views on the X platform, attracted great attention from crypto investors. The famous analyst stated that the decline in BTC was a correction and shook off the weak hands (those who made panic sales). Additionally, Clemente stated that this decline cooled the highly leveraged crypto market.
Another positive opinion came from crypto trader Ramen. Sharing on the X platform, Ramen stated that the recent decline in BTC could push altcoins into another bull run. “We are now entering a favorable altcoin season,” Ramen said.
$BTC $BNB $ETH
The cryptocurrency market felt the atmosphere of panic on the morning of December 11. #BTC experienced an interesting decline on the night of December 10 and dropped to $ 40,400. BTC's decline was instantly at 7 percent. Following this decline, altcoins also retreated. Thus, BTC erased all the gains of the last week. In addition, the sharp downward movement in BTC reached its lowest level in four months.
BTC's decline, which created a pessimistic environment, was interpreted positively by crypto analyst Will Clemente. Clemente argued that this decline was a correction and not a surprise. Another comment came from popular analyst Ramen. Ramen pointed out its sub season.
After the 7 percent drop in #Bitcoin (BTC) that marked the day, crypto investors became uneasy. BTC dropped a needle to $40,400, making us think that the bullish scenario may be over. However, this situation was interpreted positively by many people. One of these comments came from crypto analyst Will Clemente.
Clemente, who shared his views on the X platform, attracted great attention from crypto investors. The famous analyst stated that the decline in BTC was a correction and shook off the weak hands (those who made panic sales). Additionally, Clemente stated that this decline cooled the highly leveraged crypto market.
Another positive opinion came from crypto trader Ramen. Sharing on the X platform, Ramen stated that the recent decline in BTC could push altcoins into another bull run. “We are now entering a favorable altcoin season,” Ramen said.
$BTC $BNB $ETH
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