Bankless Bull Market Price Predictions With Ledger
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Aug 17, 2024 Ledger, a renowned crypto analyst known for his sharp chart analysis, shares fascinating insights on the current state of the crypto market. He discusses whether the bull market has truly begun and what it means for future prices. Key topics include Bitcoin dominance, the ETH-BTC ratio, and the importance of macroeconomic factors on market cycles. Ledger emphasizes the need for strategic patience as investors navigate potential breakouts and balance trading with long-term gains in this volatile landscape.
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Current Crypto Market Phase
- The current crypto market feels like an experimental phase rather than a full cycle.
- Bitcoin dominance, driven by ETFs, and Solana's resilience are key trends.
Crypto's Insular Activity
- Crypto's recent activity resembles an insular period, lacking significant new retail investors.
- Solana's rise, fueled by the FTX collapse and meme coins, is an exception to this trend.
Market Cycle and Headwinds
- Don't assume a four-year market cycle; ETFs may have a bigger impact on demand.
- Consider broader market headwinds like the US election and its potential impact on crypto.