Crypto Trader Believes Cycle Still Has 'Ways To Go Into 2025,' Won't Touch Long-Term Holds
Portfolio Pulse from Khyathi Dalal
Crypto trader Daan Crypto Trades remains optimistic about Bitcoin's long-term prospects despite recent market turbulence caused by the Mt. Gox news and selling activities by the U.S. and German governments. He believes the cycle has more to go into 2025 but stresses the need to clear the supply overhang. Daan advises investors to focus on long-term projects during this period.
July 05, 2024 | 3:20 pm
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Bitcoin has experienced market turbulence due to the Mt. Gox news and selling activities by the U.S. and German governments. Despite this, Daan Crypto Trades remains optimistic about its long-term prospects, believing the cycle has more to go into 2025.
The news highlights significant market events affecting Bitcoin, such as the Mt. Gox news and government selling. However, the long-term outlook remains positive according to Daan Crypto Trades, suggesting a neutral short-term impact as the market adjusts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100