【Top Analyst Kruger: Cryptocurrency Will Experience Huge 'Bullish Momentum'】
Well-known analyst Alex Kruger is confident about the current performance of the crypto market, emphasizing that he is in an 'extremely bullish' position and urging traders to follow the market's upward trend. He believes that prices often exceed expectations before a decline and advises traders to focus on momentum rather than overly worry about market corrections or peaks.
Kruger emphasizes that the market is cyclical, and trying to precisely grasp the exit timing can easily lead to missing good opportunities. He suggests accepting the reality of not being able to sell at the highest point and focusing on trend trading. The recent price movement of Bitcoin supports this view.
Bitcoin has recently performed strongly, reaching $96,500, and remains stable above key moving averages such as the 50, 100, and 200 EMA, indicating sustained bullish momentum. This rally began in late October, triggered by significant buying after Bitcoin broke through a long-term downward channel, with prices surpassing $75,000 and setting new highs.
Although the RSI is in the overbought zone, if momentum continues, there is still potential for further price increases. $100,000 has become a major resistance level recently, while support levels are at $89,000 and $79,000, which are crucial for maintaining the upward trend.
Although trading volume has slightly decreased, it remains high, indicating continued market interest in Bitcoin. Kruger believes that once Bitcoin breaks through $100,000, it will further drive the overall market upward. He also reminds traders to respect momentum and closely monitor possible signs of a pullback.
Currently, Bitcoin remains the leader of the bullish trend in the crypto market, attracting widespread investor attention, and its future performance will significantly impact market trends.
