Is Bitcoin's rally over? Four reasons why analysts are still bullish on Bitcoin
Analysts say the cryptocurrency correction has hit investor sentiment, but there are still plenty of reasons to remain bullish on digital assets.
K33 analysts say the elimination of leverage makes the market "much healthier."
LMAX Group strategists note that the Bitcoin halving could have a positive impact on prices as spot BTC ETFs attract a wider audience.
Macro analyst Noel Acheson said that weak stock markets could weigh on crypto assets, but that the decline in stocks would be short-lived due to other factors.
Crypto markets took a beating over the weekend, with investor sentiment falling from the frenzy highs of a few weeks ago.
Bitcoin (BTC) fell below $62,000 on Tuesday, down more than 15% from its recent all-time high above $73,000, while popular altcoins Solana (SOL), Pepe Coin (PEPE) and Dogwifhat {{WIF}} plunged 40%-50% from recent highs.
Despite the sharp drop across the market, there are still many reasons to be bullish on digital assets even if prices fall further or go sideways for a while.
Follow the official account of trader Jin Yifan for follow-up consultation
