Analysts Warn: Recovery in Bitcoin (BTC) and Altcoins Could Be Delayed – Here’s Why!

  • Analysts predict potential sell-off pressure in Bitcoin and altcoins in the coming months, with recovery possibly delayed.
  • Markus Thielen, founder of 10X Research, suggests that the expected rise could be further delayed due to large token unlocking transactions.
  • Velte Lunde, analyst at K33 Research, also warns investors about the possibility of increased sell-off pressure in Bitcoin and altcoins in the coming weeks.

Experts warn of potential sell-off pressure in Bitcoin and altcoins in the coming months, with recovery possibly delayed due to large token unlocking transactions.

Anticipated Delays in Crypto Recovery

Following Bitcoin’s all-time high (ATH) in March, a downward trend has been observed, affecting altcoins as well. Investors continue to anticipate a rally in Bitcoin and altcoins, but Markus Thielen, founder of 10X Research, suggests that the expected rise could be further delayed. Thielen highlights that large token unlocking transactions are generally bearish events and the recovery in Bitcoin and altcoins could be delayed due to token unlocking in various altcoins in the coming weeks.

Possible Increase in FUD in the Coming Months

Besides Markus Thielen, Velte Lunde, analyst at K33 Research, also thinks that the recovery could be delayed. Speaking to Coindesk, Lunde warns investors about the possibility of increased sell-off pressure in Bitcoin and altcoins in the coming weeks. Considering the Earn program of the crypto exchange Gemini and the distribution of over 11 billion dollars of Bitcoin to Mt. Gox’s creditors, sell-off pressure in Bitcoin and altcoins could increase in the coming weeks. Lunde advises investors to be prepared for waves of crypto FUD in the coming months.

Conclusion

Given the potential for large token unlocking transactions and the possible increase in sell-off pressure, investors should be prepared for a possible delay in the recovery of Bitcoin and altcoins. As always, it’s crucial to stay informed and make investment decisions based on careful analysis.

BREAKING NEWS

PING Surges 17% in the Last Hour as x402 Protocol Market Cap Reaches $33 Million

COINOTAG News Update, October 24, citing GMGN market data,...

USDC Flows: Insider Whale 1011 Withdraws 36.41M USDC from Hyperliquid and Moves 326M USDC to Binance in 20 Minutes

COINOTAG News, October 24 — On-chain analyst Ai Auntie...

CRO: CRYPTO.COM FILES NATIONAL TRUST BANK CHARTER APPLICATION

CRO: CRYPTO.COM FILES NATIONAL TRUST BANK CHARTER APPLICATION URL $CRO #Cryptocom

Bitcoin Surge Fuels 30% Q3 Rebound in Crypto Spot Trading Volumes

Crypto spot trading volume on centralized exchanges surged 30.6%...

WLFI Rallies on CZ Pardon News: Whale Buying Hints at Further Gains

World Liberty Financial (WLFI) surged 13.87% to $0.142 following...

BIS Warns Stablecoin Yield Products May Expose Users to Regulation Gaps

The Bank for International Settlements (BIS) has cautioned that...

VeChain’s Resilience Below $0.02 Signals Potential Bullish Reversal

VeChain (VET) displays strong resilience and bullish potential despite...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img