Crypto KOL: The current market correction is just a "bull market breather" rather than the "end of the bull market"
crypto KOL and industry analyst Lark Davis believes that the current crypto market correction is just a "breather" rather than the end of the bull market, based on historical data analysis. He stated that in December 2020, after a significant increase, Bitcoin fell by 12% but rose by 136% in the following 23 days. The current drop of around 13% occurred after a similarly strong performance in the fourth quarter. However, Lark Davis pointed out that Bitcoin may still further correct by 10-15%, but emphasized that Bitcoin and the broader crypto market still have sufficient momentum. In addition, industry insiders also believe that adjustments during the price discovery phase are both common and necessary, usually lasting for several weeks, and the bull market cycle usually appears no more than four times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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