Thursday’s crypto market crash has prompted several reactions.
Crypto analysts believe the pullback will not last long.
Investors search for crucial buy zones amid ongoing crypto market decline.
Thursday’s crypto market crash has prompted several reactions. Industry stakeholders analyzed the causes and potential implications of the market-wide price collapse. Bitcoin fell below $100,000, but crypto optimists say the pullback is a blessing and presents investors with profit-making opportunities.
The bearish pressure continued into the early hours of Friday, with Bitcoin breaking below Thursday’s $95,537 low to reach a $93,887 daily low. That level marked Bitcoin’s lowest price in over one week amid a significantly bullish uptrend that saw the cryptocurrency reach a record $108,364 on December 17.
While most retail crypto investors are waiting to see how the market develops, analysts are making their next moves. Most say the correction is temporary. One analyst said there would be a video streaming session Friday to give a crypto market overview and help traders find critical levels for entering the market.
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