Analyst says ongoing market correction is a normal part of bull run.
He expects the BTC price to recover steadily leading to new highs.
Altcoins follow BTC’s lead, SUI prepares to set higher highs.
The ongoing crypto market dip continues to drag on taking Bitcoin price from an ATH of $108,000 range to the $96,000 range. While many new traders succumb to panic-selling their Bitcoin and alts, the crypto market saw a liquidation of $1.1 billion within 24-hours. More so, the crypto market sentiment dropped from ‘Extreme Greed’ to ‘Greed’ with a score of 74 according to the Crypto Fear & Greed Index.
https://twitter.com/Washigorira/status/1869774851696988656 Market Dip a Regular Part of Crypto Bull Runs
While new traders fear having joined too late and the end of the bull run, seasoned traders remain calm and highly optimistic. As we can see from the post above, this trader states that the rollercoaster is the same, during bull markets corrections are a natural part and this will never change as the market isn’t designed for the majority to win.
He preaches remaining calm and holding onto assets until significant gains are made. In fact, many analysts are accumulating more while awaiting a greater BTC ATH to unfold. One analyst in particular predicted sideways movement from $90,000 to $110,000 before BTC price pumps to $125,000 to $135,000, and $200,000 as the next bull targets.
SUI Price Prepares for Higher Highs
The same sentiment applies to altcoins as analysts note the price drop of many altcoins following Bitcoin’s drop. However, they remain bullish for altseasons where highly potential altcoins will go on to set a series of new ATHs. One of the most bullish altcoins this bull cycle in SUI.
https://x.com/CryptoBullet1/status/1869830973111841016
As we can see from the post above, this highly reputed analyst who has made several accurate predictions for various crypto assets, says that the market may look like it is crashing, but it is simply gearing up for a greater run. He highlights SUI saying that the asset is printing a higher low before surging to set higher highs.
The post SUI Prepares to Set Higher Highs as Analyst States the Normalcy of the Ongoing Crypto Market Correction appeared first on Crypto News Land.
