A prominent crypto analyst is cautioning that the Market might not have completed its correction. Known as Kaleo, he shares with his 675,300 followers on X that Bitcoin and other cryptocurrencies could see lower prices before any significant rallies begin. He advises to enjoy the current calm before the expected volatile upward movement resumes. Other analysts, like Justin Bennett, echo these concerns, suggesting the Market could continue its downward trend into early 2025. Ethereum is currently trading at $3,367, while Bitcoin is at $95,945, both down in the last 24 hours. Traders are urged to plan carefully as the Market could shift quickly.
A Major Warning in the Crypto Market: Analysts Predict More Corrections Ahead
In recent news, prominent analysts are sounding the alarm about potential further corrections in the cryptocurrency Market. Kaleo, a widely followed crypto trader with over 675,000 followers on X (formerly Twitter), suggests that major cryptocurrencies like Bitcoin and Ethereum are likely to see lower prices before any significant rallies occur.
Kaleo commented, “I still think there’s a chance we see a little bit lower across the board before we start ripping again. Just appreciate the calm that’s here while it lasts.” This sentiment highlights his belief that a strong upward movement in prices will eventually return, but it may require more energy once it begins.
Other analysts echo this bearish outlook. Justin Bennett, another well-known figure in the crypto space, warns that the Market might not find its bottom until early next year. He pointed out that despite a recent bounce for Ethereum, it may struggle to sustain momentum and could see lower values in the near future.
In the current climate, Bitcoin is trading at approximately $95,945, while Ethereum stands at about $3,367, both reflecting losses in recent days. Rekt Capital, another crypto analyst, indicated that the recent Christmas rally might have been a temporary relief, with old support levels now acting as resistance.
As the crypto Market continues to unfold, these analysts advocate for investors to remain cautious and prepared for potential further downturns.
Tags: cryptocurrency news, Bitcoin, Ethereum, Market analysis, crypto correction, Kaleo, Justin Bennett, Rekt Capital
What is the latest warning from the crypto analyst?
The crypto analyst is saying that there could be a chance the Market might drop even further.
Why is the analyst concerned about the Market?
The analyst is worried due to recent Market trends and changes in investor behavior that suggest prices could go lower.
What should investors do in light of this alert?
Investors are advised to stay cautious and consider reviewing their strategies before making any decisions.
Is this a common situation in the crypto Market?
Yes, crypto markets are known for their volatility, which means prices can change rapidly, leading to alerts like this one.
Can the Market recover after a drop?
Yes, while the Market can drop, it also has the potential to recover. It’s essential for investors to stay informed and make smart choices.
