Ongoing brutal crypto market dips lead to massive FUD sentiment.
Seasoned crypto traders and analysts step in to remind the crypto community of the big picture.
The target for Bitcoin (BTC) is still $100,000 and above this bull cycle, remain patient.
Unfortunately, the ongoing crypto market dip continued to cause pain in the crypto realm. As many traders give up and lose faith, many witness flashbacks to the crypto bear market where red signals and panic-selling took over.
Taking #BTC profits in this region is absolutely no option for me and never came in my mind to sell even 1% of my portfolio that was bought at 16-18k!My targets are clear and I will hold my bags till reaching targets above 100k and more. Soon you will understand..
— Doctor Profit (@DrProfitCrypto) May 1, 2024
Amidst the noise and chaos, seasoned traders stand out as the voices of reason. One particular resounding voice is that of silver-tongued crypto analyst Doctor Profit. Doctor Profit reminds most BTC holders that he will not sell his Bitcoin as he bought it at $16,000-$18,000 price.
This means despite his portfolio being in a profit state, Doctor Profit refuses to sell. This move shows incredible faith in his prediction of Bitcoin (BTC) price going towards the $100,000 mark and possibly surpassing this stage.
Doctor Profit reminds Bitcoin and crypto holders that targets for all crypto assets have not changed and that the crypto market is still in a bullish phase. He advices holders to remain strong and patient and not to succumb to FUD.
My take on the dip… The BTC dip or sideways was expected since it happened after the last two halvings. I tweeted about this a few weeks ago.Alts dipping this hard was not expected. It's a pretty brutal dip.My game plan remains unchanged, though. I was shaken out on…
— Lady of Crypto (@LadyofCrypto1) May 1, 2024
Supporting his opinion are a few other seasoned traders. Lady of Crypto cites her personal experience with panic selling during a brutal dip last cycle only to have missed life-changing pumps right after. He too reminds traders to remain bullish for the long-term and not give in to FUD.
Adding on to the narrative, Crypto Nova, another seasoned trader explains why this sort of market dip is what makes the crypto industry what it is. She speaks of how the bull cycle is where holders turn $1000 to $100,000.
These kinds of gains are only possible in an industry that allows 5x, 10x, and 100x moves but the volatility comes in exchange for corrections of 40%, 50%, and 60%. She advices holders to make rational decisions and play their cards well to walk away with gains instead of losses.
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The post Bear Market Flashbacks Cause Severe Crypto Market Dip, Patient Analysts Dispel FUD With BTC Targets Over $100K appeared first on Crypto News Land.
