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NewsBTC 2022-10-06 02:44:16

Here’s Why This Expert Thinks The Next Crypto Bearish Trend May Be Near

The past few months have brought a rollercoaster experience for the prices of cryptocurrencies. The crypto market has been hovering due to the impact of macro factors. But the past 24 hours created a new move of strength in the market. Almost all the assets made positive moves to push the market into the green. The price of Bitcoin has gradually climbed to its critical level of $20K as the token amassed over a 2.5% uptrend. In the early trading hours of today, the BTC price reached $20,342. The bullish trend cuts across the altcoins and other crypto assets. Ethereum has crossed the $1,350 level as it rose by over 1.8% over the past day. Related Reading: Low Volatility Crypto Market Supplies Surprisingly Stable State Of Fear Dogecoin (DOGE) made a tremendous reclaiming with a surge of over 8% over the past 24 hours. This mark an outstanding bullish strength in the digital asset market for today. Also, Ripple (XRP) redirected its pattern through an increase of about 5% in the last 24 hours. Experts Think Digital Assets Market Can’t Sustain A Price Rally Experts predict another bottom for the crypto market despite its recent impressive price movements. They think the crypto assets lack sustainability for the price rally and will soon experience a bearish trend. The CEO of Eight Global and crypto analyst, Michael van de Poppe, commented on a possible turn of the crypto market. He thinks that the value of the US dollar will soon ra...

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