The biggest crypto currency Bitcoin 
$0.015021After the depreciation of more than 5 percent of the last new day, the social media calls for “buy from the bottom” increased. According to experts, the increase in this call may be a risk signal for the market. Centimeter analyst Brian Quinlivanthe last he published in the video He said that investors began to see the decline in the price as an opportunity. However, in the report published on the same day, the centimeter warned that this call is not often not a real bottom sign for the market.
Centimeter: the market may not have hit the bottom yet
CentimeterAccording to the social media, the frequent expression of the call to ın buy from the bottom ”may indicate that the market does not hit the bottom. In the report, it was emphasized that a real bottom usually lost interest in investors and came during the periods when they were afraid to make purchases. The company’s analysis also coincides with expert views reminding that the price tends to act in the opposite direction.
Crypto Money MarketIn this process, the total value of the total value fell to the level of 3.79 trillion dollars. CryptoappsyAccording to data, Bitcoin is traded for $ 108,738 with an increase of 0.48 percent in the last 24 hours. The data shows that the price fell by 5.30 percent in the last seven days. The decline after the highest level of all time reached at $ 124,457 on August 14 directly affected investor psychology. In the meantime Crypto fear and greed index He recovered again and rose from 39 to 48 and moved from the “fear” level to “neutral” level.
With the decline in Bitcoin, the expectation of the Altcoin season strengthened
On the other hand, some analysts of withdrawal in Bitcoin altcoin‘s for a new rally for the ground to prepare the ground. Crypto currency investor ASH CRYPTO, X In his assessment of his account, he said that Altcoins entered the most over -selling zone so far. He added that this level could be a sign of a Mega Altcoin season similar to the big rally in 2017 and 2021.
CoinMarketcap’s Altcoin season index supports this expectation. Index from Bitcoin season last week Altcoin seasonand reached 60 points. This change in the index shows that the interest in Altcoins is increasing in the market.
Also Analyst AK47 In the autumn next autumn, the US Federal Reserve (FED) interest rate reduction and possible Altcoin ETF approvals can trigger new rally, he said. As a matter of fact, CME’s Fedwatch vehicle shows the possibility of interest rate reduction in September as 86.4 percent. This expectation increases the likelihood of investors to turn to risky assets such as crypto currencies for higher return.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
