Analyst: Crypto market recovery will take time

The cryptocurrency market will need time to recover and an uptrend will be difficult, according to a post on X by crypto analyst and CoinNess Content Creator Mignolet. He explained that while many people say Bitcoin's four-year cycle is over, he believes the bull cycle has ended, even when considering the new variable of ETFs. Mignolet noted that although some argue ETFs have altered the market cycle, this recent period has still followed the traditional four-year pattern. He added that if the old cycle is truly finished and a new ETF-based one has emerged, the current market phase could open up entirely new paths for both upward and downward movements.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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