📉Crypto market cap dips 5.5% to $1.5T, with Bitcoin (BTC) falling below $40,000! 😱 But fear not, some analysts believe this is just a temporary setback.🧐
- Trading volumes rose by 55% due to sell-offs.
- Ether (ETH) dropped below $2,200, Solana (SOL) lost $80 support, and Binance Coin (BNB) slipped under $300.
While some traders like Bob Loukas and Peter Brandt turn bearish on BTC, others like Jurrien Timmer and independent analyst Ali remain optimistic.🚀
- Timmer: BTC's network growth aligns with a standard power regression curve.
- Ali: Historical sentiment cycle suggests a brief phase of anxiety before uptrend continuation.
What do you think? Is this just a bump in the road or a sign of a bearish market? 🤔 Share your thoughts in the comments!👇