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Crypto KOL: The current market correction is just a “respite from the bull market” rather than the “end of the bull market”
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2024-12-22 15:03 8,989

Crypto KOL: The current market correction is just a “respite from the bull market” rather than the “end of the bull market”

According to Golden Finance, crypto KOL and industry analyst Lark Davis believes that the current crypto market correction is just a "respite from the bull market" rather than an "end of the bull market" based on historical data analysis. He said that in December 2020, Bitcoin fell by 12% after a sharp rise. %, but rose 136% over the next 23 days, and the current decline of around 13% follows an equally strong performance in the fourth quarter. However, Lark Davis pointed out that Bitcoin is still likely to correct further by 10-15%, but at the same time emphasized that Bitcoin and the broader cryptocurrency market still have sufficient momentum. In addition, industry insiders also believe that adjustments in the price discovery phase are both common and necessary, usually lasting several weeks, and bull market cycles typically occur up to four times.
Keywords: Bitcoin
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