The cryptocurrency market experienced major turmoil as Bitcoin lost 10% of its value in a week, falling below the $100,000 level. This situation also severely affected leading altcoins such as Ethereum and Solana. The uncertainty in the market has caused panic among investors, and experts are warning that this decline could continue for a long time.$BTC
Analyst Michael Pizzino stated that if Bitcoin falls below the $74,000 level, a significant market correction could begin. Pizzino emphasizes that the double top formation seen in the crypto market indicates strong selling pressure. The recent continuous value losses of Ethereum and Solana worry investors about the risk of a long-term bear market.
Pizzino said that the market could be approaching a major inflection point, which could have similar effects to a prolonged bear market in 2022. In this scenario, investors could face major losses, he warned. The market analyst advised crypto investors not to focus on short-term price fluctuations, but instead to pay attention to broader macroeconomic trends. He also noted that caution should be exercised even in possible market recovery scenarios, saying that limited increases that may occur with low market activity could be misleading.
Experts state that the probability of a rapid recovery is low in the current market dynamics. In particular, the general structure of the market gives signals that it may be approaching its peak levels with sideways movements.
This uncertain situation in the crypto market requires investors to develop more flexible and conscious strategies. It is currently emphasized that long-term trends should be taken into account rather than the momentary movements of the markets.