When will the cryptocurrency market rise again?

In the past seven days, the total market capitalization of Cryptocurrency market It saw a decline of approximately 5.86%. This decline has led to increased selling interest in the cryptocurrency community. Meanwhile, experts, citing the Q4 bull run, point out that when market sentiment becomes overly bearish, it often signals a reversal. Let’s explore how bearish sentiment can set the stage for a bullish shift! ready?

Cryptocurrency market performance: A difficult week for traders

Monday, January 6th The cryptocurrency market has reached a weekly peak of $3.54 trillion. On Tuesday, January 7, the market saw a sharp one-day decline of 5.69%. On the second to last day of the week, the market fell to a low of $3.16 trillion. On Friday, January 10, although buyers tried to push the price higher, the 2.21% growth achieved was far below the 11.07% growth needed to recover from the correction it experienced.

Almost all Top ten cryptocurrencies It has seen a decline in the past seven days. Bitcoin fell by 3.9%, Ethereum by 9.8%, Ripple by 4.6%, BNB by 3.6%, Solana by 14%, Dogecoin by 14.9%, and Cardano by 14.9%.

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Rising interest in selling cryptocurrencies: what does it mean?

Reports indicate that the decline in the cryptocurrency market has led to a sharp rise in selling interest among cryptocurrency traders. The growing interest in selling in the cryptocurrency market is something that requires keen attention because it is capable of it Cryptocurrency prices are strongly pulled down.

Bearish sentiment and historical trends in the cryptocurrency market

During the Q4 bull run, bearish sentiment preceded price rises. Citing the historical trend mentioned above, experts point out that when the crowd becomes too bearish, it leads to potential price rebounds. This simply means that there is no reason to worry about the current pessimism in the market.

In conclusion, despite a challenging week for cryptocurrency traders, rising bearish sentiment may indicate a market recovery. As history shows, when the crowd turns bearish, higher prices may not be far away.

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