Crypto bull market start: traders see major turnaround
Crypto bull market start sparks trader optimism
The crypto market plunge on Friday may signal the early stages of a new bull run, according to trader Alex Becker. He said there’s a “very high chance this is the start of the bull market.” Becker added that selling now “could be the stupidest thing you could ever do.”
Samson Mow, the founder of Jan3, shared similar views on X, saying, “It’s time for Bitcoin’s next leg up.”
Bitcoin fell over 10% to $102,000 after Trump announced a 100% tariff on China, triggering a $19.31 billion liquidation – the largest since the COVID-19 crash and FTX collapse.
The crypto market wipeout just reset everything
Becker called the sell-off a “massive overreaction,” saying the crash “just reset everything.” He noted that traders were frustrated as Bitcoin rose while altcoins lagged.
“This has driven people to insanity,” he said. “Market makers pull the levers up and down, and people overreact three to four times.” Becker described the correction as a result of “all-time impatience” among traders who couldn’t wait for long-term gains.
Bitcoin price recovery may continue, says analyst
Bitcoin has since climbed to $125,100 but remains below the $250,000 year-end targets predicted by Arthur Hayes and Joe Burnett. Analyst Benjamin Cowen believes Bitcoin will “continue to climb” in the short term, citing its dominance rising to 60%.
Economist Timothy Peterson, however, expects a brief cooling-off period before the next rally. Meanwhile, the Crypto Fear & Greed Index showed “Extreme Fear” with a score of 24, indicating most investors remain cautious despite recent rebounds.
