A well-known crypto analyst is warning that the cryptocurrency Market might still be in for more corrections. Kaleo, who has a large following on social media, suggests that significant price rallies for Bitcoin and other digital currencies may not happen until they drop to lower levels first. He advises his followers to take advantage of the current calm before the Market potentially shifts again. Similarly, fellow analyst Justin Bennett believes that the Market could see further declines until it reaches a bottom by early 2025. Both analysts note that recent price movements, especially for Bitcoin and Ethereum, indicate short-lived rallies, hinting at a bearish trend ahead.
A well-known analyst is raising alarms that the cryptocurrency Market may not be finished with its decline just yet. Kaleo, a pseudonymous crypto trader, shared with his followers on the social media platform X that he believes Bitcoin (BTC) and other cryptocurrencies may need to drop to lower prices before any significant recoveries can begin.
Kaleo stated, “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. When we do start moving up again, it’ll be violent.” He urged investors to prepare for potential volatility when the Market begins to pick up.
Other analysts echo similar concerns. Justin Bennett, another prominent crypto analyst, remarked that the current Market correction could last until early next year. He pointed out that while there was a small bounce during the Christmas season, it was largely driven by retail investors and lacked significant volume. He anticipates that Ethereum (ETH) might continue to struggle and possibly see lower prices before finding a bottom around early 2025.
Adding to these bearish sentiments, Rekt Capital noted the possibility that Bitcoin’s recent Christmas rally may have been short-lived. He explained that resistance levels have formed where support used to be, suggesting that BTC might revisit lower levels shortly.
Currently, Ethereum is trading around $3,367, down 2.8% in the past 24 hours, while Bitcoin is priced at $95,945, also down 2.9% in the same timeframe. This leads many in the crypto community to remain cautious about upcoming Market movements.
As this bearish outlook unfolds, it’s essential for investors to stay informed and weigh their options carefully in this dynamic Market.
Tags: Cryptocurrency News, Bitcoin, Ethereum, Crypto Market Correction, Investment Strategy
What does the analyst mean by “urgent crypto alert”?
The analyst is warning that the cryptocurrency Market could decline further. This means that prices might drop in the near future, and investors should be cautious.
Why should investors be concerned about this alert?
Investors should pay attention because the Market can be volatile. If prices go down, people might lose money, so it’s smart to stay informed about possible changes.
What are the signs that the Market could go lower?
The analyst might notice trends like falling prices, heavy selling, or negative news about cryptocurrencies. These signs can suggest that the Market is not stable.
What should investors do if they feel worried about their investments?
If investors are worried, they can consider reviewing their portfolios, consulting financial experts, or even holding onto their investments until the Market stabilizes.
Is this alert a reason to sell all my crypto?
Not necessarily. The alert is a warning, but selling everything might not be the best choice. It’s important to think carefully and weigh the potential risks and rewards before making any decisions.
