- Bitcoin price slipping below $100,000 yesterday led to a boom in FUD sentiment.
- Reputed analyst preached caution and encouraged holding on to crypto.
- Another analyst says the dip was the end of a bear trap and expects bullish pumps ahead.
Yesterday, the price of BTC dropped from 6-digit prices to $98,000 giving rise to FUD sentiment. Furthermore, the launch of DeepSeek led to a massive drop in the stock market where billions were lost in a day, this effect seeped slightly into the crypto market taking BTC price to a 5-digit price level.
Bitcoin’s Movements Caused Short FUD Pump
Now, a day later, Bitcoin price has already recovered and has reclaimed its 6-digit prices again. With Bitcoin now at $103,000, market sentiment will steadily grow stronger as the pioneer crypto asset continues to show strength and bullish signs. Many seasoned analysts have come together to point out that the peak of the bull market is yet to arrive.
As we can see from the post above, this reputed analyst known for his silver-tongued predictions made a statement when the price of Bitcoin was below $100,000. To highlight, he says that there is no need to be scared and FUD and bear talks should be ignored. He encourages traders and investors to hold strong to their crypto.
Analysts Calls End of Bear Trap and Bullish Days Ahead
This unshaken steady faith in the crypto market was reflected over all the reputed crypto leaders in the global crypto community. Many analysts spoke of remaining calm and holding strong to crypto assets. Furthermore, as we can see from the post above, this analyst says the previous dip may have just been the last one, declares the possible end of a bear trap, and advises the community to be ready for explosive gains ahead.
