CryptoQuant: crypto market will remain in stagnation phase for 2-3 months ๐โณ
CryptoQuant believes that the market will go sideways for the next 2 - 3 months. โก๏ธ๐
They noted that investors should be patient and expect a bullish trend after 2 - 3 months of market consolidation. โณ๐
Investors who buy BTC now at comfortable prices create conditions for a bullish trend in the future. Their efforts reduce the volume of crypto on trading floors, CryptoQuant notes. ๐ธ๐
Ali Martinez estimates the activity of traders who took advantage of bitcoin's drop to $54,000. Earlier this week, they purchased 10,000 BTC worth $540 million. ๐๐
If bitcoin approaches the $60,000 mark by the weekend, some investors will start dumping the crypto, preventing BTC from extending its price range pro-trade. ๐๐ฐ๐
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