It’s Going To Be A Long Year For Bitcoin Would The Risk Asset Follow It’s Historic Rallies

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Looking at the crypto market for the past week, major crypto assets has performed greatly in line with the recovery from the price down trend which can be relatable to the collapse of the crypto exchange FTX and other cryptocurrencies firms within the last quarter of 2021.

The bullish momentum which is seen to be its a bit confusing as it’s been projected as that of a bullish trap, which some crypto analyst are warning retail traders to be mindful and trade with caution. While others are optimistic about that movement has it’s said that the king crypto is building a bullish momentum, in a YouTube session with “Into the cryptoverse” host Benjamin Cowen says that bitcoin is setting up a wide sideways before we witness a massive pump like the previous years.

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In he’s words he says that; When we say sideways year, that doesn’t mean you’re not going to go up. In fact, you are likely going to go up, and you’re likely going to go down. In 2015, we saw two rallies to the upside and then we finally got a third one that was actually real. In 2019, we had a massive rally and then a massive dump and then we got the real rally that took us to new highs.

He highlighted that now is a very good window for any investor to increase their bitcoin BTC holdings as he says this year is going to be a long way for bitcoin to build a base.
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