On Monday, the Crystal Market has experienced what has been charged as the largest liquidation event in history, destroying more than $ 2 billion. In the Calling Call of the Calling Language, analysts are divided as to whether February is the moon or whether the encryption market must wait until April.
Discussions and forecasts refers to how past market crashes and sector corresponding to those of 2020 and 2022.
Analysts focus on the cryptographic market recovery timeline
BEINCRYPTO reported on a historic $ 2 billion clearing event on Monday, caused by President Donald Trump’s tariff. As it did, the president reached the agreement between Canada and Mexico and promoted some recovery in the market.
However, analysts are not convinced that they are looking for the Altcoin season, but the full -fledged market recovery is here.
Blockchain Analyst Matthew Highland shared insights on market sluggish and emphasized that recovery takes time. He did not break down Bitcoin (BTC), but altcoins struggled and emphasized that it brought a historic clearing event. He says this shows the degree of damage that the AltCoin market will last.
According to highland, large -scale liquidation events meant market outs in the market, but the bouncebacks are not yet ripe.
“Given that this is the largest liquidation event in encrypted history, it probably means low, but in 2020 and 2022 it took more than two months to recover.” Highland said.
Analysts with room for discussion also pointed out that most altcoins could not return for at least two months for at least two months. Based on this outlook, Highland warns the trader to relieve expectations, adding a few weeks on the way, even for V -shaped recovery like 2020.
Cryptocon, another technical analyst, has repeated highland’s emotions. He explained this event as a major shakout of duplicate traders. Analysts acknowledged that the cycle was going smoothly, but did not propose an imminent recovery.
“What happened to the performance in February? Still, the cycle is proceeding smoothly. Analysts want a specific entity for those who are longing for altcoin from the bottom of the bottom. It is clear that it is not there. “
Cryptocon’s prospects match some other analysts, including Rover, which believes that the trajectory is the same. In the X post, Cryptorover emphasized that Altcoins immediately became a parabolic line.
February Altcoin season discussion
On the other hand, like Cryptocon, the emotions in February remain positive among other analysts, including trader Merlijn. With related posts, analysts are in February Altcoin seasonTherefore, the market recovery. Analysts have quoted historical data that suggest that Altcoin rally was consistently launched in February, and this cycle should be no exception.
“The ALTCOIN season begins in February! History is not lying and the chart is not,” Merridine said in the post.
Others point out the advantage of bitcoin as an important indicator, and set a stage for the Altcoin season, paying attention to the fact that the top of this metric is almost inside. Similarly, analyst coinvo repeated emotions.
“The Altcoin season has always started in February, but this cycle is the same,” coinvo chimed.
Another encryption analyst, Devkhabib, provided a contrasting perspective and emphasized February as a good month for bitcoin. Analysts have identified $ 91,000 as an important support floor for bitcoin prices. He emphasized that the price was strongly opposed and that he was optimistic about the future of the market.
“$ 91,000 is a powerful support for BTC because BTC bounced directly back. I hope that the market will continue to be more than $ 94,000 so that the market can be recovered a little. Usually, February is green. Yes, we think the bad start will be good in February. “
In addition, the range from $ 95,620 to $ 98,505 to $ 98,505, according to Intotheblock data, indicates important support for bitcoin prices.
Bears’s efforts to push this level or less are satisfied by purchasing pressure from about 1.74 million addresses that have purchased BTC at $ 97,195.
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