Analyst Guy Turner, who made a statement about the current course of crypto markets, said that the market is early to say that it has just passed to the bear stage. Turner said that the markets are still positive and Bitcoin’s dominance continues to increase.
Altcoins will not fly
According to the analyst, Bitcoin still exhibits a strong performance, while the current period is described as the Bitcoin season. The increase in the price of Bitcoin’s price and the rise of dominance makes it difficult for investors to think that the market will change quickly.
Guy Turner: “Bitcoin dominance continues to increase. When we look at the indicator of Altcoin season, we are still in the Bitcoin season, but we see that the trend is reversed in these levels.
In other words, the analyst thinks that those who expect huge rise in all subcoins should not wait in vain.
Regulation and Investor Behavior
Turner said that the attitude of the US regulators towards crypto assets has changed positively in the recent period. This development is considered as a factor that can contribute to the increase in the interest of both individual and corporate investors to the market. This improvement in regulations is thought to positively affect the general perception of the market.
Guy Turner: ip Crypto regulators in the United States showed a more friendly attitude thanks to the pro-cippto approach adopted by the Trump administration. This has the potential to bring a large mass of investors to the market regardless of the individual or corporate investor. Considering that the market has gone through difficult processes, it has not yet been time to release.
In addition, Analyst said that Bitcoin’s price increased temporarily and existing levels may be encouraging for investors. Market data reveals that Bitcoin’s dominance rate is around 63.9 %.
Analyst points out that both market dynamics and developments in regulations will affect long -term investor behaviors. This requires market players to closely follow technological and economic developments while creating their strategies.
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.
