Watched analysts are warning that the crypto market could enter a prolonged period of correction within the next few days.
Pseudonymous analyst The Flo Horse told his 205,700 followers on social media platform he said.
According to crypto strategists, Bitcoin (BTC) will probably look Move to the top side again before printing the temporary top.
“I think we're pretty close to the top of the right length. Of course, it's months, not years.
Consider half-life ±1 month
Forming highs and lows and consolidating a little.
There is a lot of variance and a lot of signs. It also wouldn't be surprising if NVDA came out on top a little before and after the conference, although it doesn't help with the risk.
I expect the price to drop for a month or two after it passes $70,000. ”
But events could occur before cryptocurrencies undergo a broader correction, says Flowhorse trigger A group of altcoins gathers. The analyst said the artificial intelligence (AI) crypto sector could see a big rally ahead of Nvidia GTC, a global AI-focused conference scheduled for March 18.
“We just [eight] Only a few days left until the Nvidia conference. Meme coins are currently the most popular segment of the meme/AI barbell. But this should change, just in time for the return to AI, as people rush in at the last minute for another really easy event-driven trade. ”
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