YouTuber and famous crypto analyst Lark Davis shared his thoughts on whether the crash in the cryptocurrency market will end soon. Talking about the “crazy” Bitcoin markets at the moment, Davis believes that the recent sharp drops are a day of capitulation for the cryptocurrency markets. Here are the details…
Lark Davis shared his critical comments for Bitcoin
In his latest tweet about Bitcoin, Lark Davis thinks that the largest cryptocurrency with its market value may decline. In his tweet, Davis said, “We can expect new highs for 2024 if 4-year cycles continue for Bitcoin. However, after 2 years of winter,” he shared the graphic below. It is worth noting that the four-year cycle that the analyst draws attention to is the block halving event, which takes place every four years. As we have also reported as Kriptokoin.com, the halving last took place in May of 2020.
Crypto and investment YouTuber Lark Davis, published on May 13 In his latest video, he speculated on whether the crypto market crash will ever end. Davis made special reference to the “crazy” Bitcoin (BTC) markets. According to Coinbase (according to Coinbase, buyers increased the price of BTC from $25,375 to $30,000 in just 24 hours. Davis believes the price has risen due to enthusiastic buyers who have decided to buy despite the fears currently in the markets
in Bitcoin
He also referred to the fact that BTC closed the daily candle at the key support area Additionally, BTC has had “solid” volume in the last 24 hours – the largest volume seen in almost 18 months. All this Davis ‘s believe that May 12 is a day of capitulation for crypto markets. Davis backed up his claims, citing yesterday’s BTC supply surge. This has led people holding their BTC to believe that they eventually surrendered and sold their holdings. Davis is currently investing He concluded by saying that it is almost impossible to predict the bottom of the bear market, despite a carnage in the field
.
35315
