One of the Most-Followed Analysts Predicts When Bitcoin and Altcoins Might Rebound

Ansem, a closely followed figure in the cryptocurrency market, stated that he maintains his short-term peak view for equity indices and the storage sector. According to Ansem, the start of the third quarter next week could increase quarterly volatility in the markets.

Ansem stated that the cryptocurrency market, particularly Bitcoin and Solana, may have already priced in several weak factors. Therefore, he assessed that a potential bullish divergence could occur in terms of price movements in crypto assets. However, Ansem also noted that if the stock market weakens at the beginning of the third quarter, this could trigger a simultaneous sell-off in the crypto market.

Related News: Chief Economist and Analyst Says, “The Fed Won't Raise Interest Rates This Year,” and Explains Why

Ansem, also commenting on HYPE, stated that he expects the asset to continue its strong performance but may experience a pullback depending on overall market conditions.

Ansem also warned investors about leveraged trading. He stated that the worst-case scenario is being liquidated at the bottom of a bear market and then watching all assets recover, urging caution with leveraged positions.

*This is not investment advice.

Continue Reading: One of the Most-Followed Analysts Predicts When Bitcoin and Altcoins Might Rebound