Crypto Analyst Warns of Volatility but Predicts January Rally
A popular crypto analyst, known as Altcoin Sherpa, is warning his followers about potential volatility in the crypto market as December wraps up.
The renowned crypto expert warned that the market could experience significant price swings in the final days of the year.
Despite this short-term uncertainty, Altcoin Sherpa remains hopeful for a strong start to 2025.
The analyst believes January typically sees positive movement in the crypto space and suggests that traders should take advantage of the market’s fluctuations.
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Michael Saylor Pushes Bitcoin Strategy to Boost U.S. Economic LeadershipHe advises that, while the end of the year might bring more dips, January often offers great opportunities, and investors should consider selling off weaker assets to build cash for better opportunities.
Additionally, Altcoin Sherpa pointed out that Bitcoin ( BTC ) might be approaching a local bottom after recently dropping below $100,000.
We’re getting close, I think that $BTC should be finding a relative bottom very shortly…expecting a bit more downside and then some sort of reversal. Not sure if this is ‘the’ bottom but yeah. Let’s see. https://t.co/ysdl5SlGKS pic.twitter.com/MEhBhWyzKX
— Altcoin Sherpa (@AltcoinSherpa) December 20, 2024
He expects a bit more downside before a possible reversal, though he remains uncertain if this will be the absolute bottom for BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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