Crypto Market Enters Winter Bull, This Is According to Angga Andinata

Bittime - The crypto market is in an interesting phase, which some are calling the “Winter Bull.” 

Angga Andinata, a leading crypto analyst, recently gave his views on the state of this market and what we can expect in the future.

Bitcoin and Market Uncertainty

Since March 2024, Bitcoin has repeatedly failed to reach its highest level again. According to Angga, current market conditions are full of uncertainty, although there are bullish signs in the midst of this "winter". 

Rapid changes in market sentiment make it difficult to predict the next direction, but optimism remains. One of the main reasons is because the market has already managed to survive the "Checkpoint 2.0" crisis that occurred in 2023.

Also read: Bitcoin ETFs Around the World Hold More than 1.07 Million BTC

Political Influence on Crypto

One of the interesting topics Angga discussed was how political conditions, especially in the United States, affect the crypto market. 

Recent polls show that Donald Trump's popularity is declining, especially among young voters who are more interested in issues such as the legalization of same-sex marriage than Bitcoin. 

This has the potential to influence market sentiment, considering that Trump brought a crypto narrative into his campaign.

Choke Point 3.0 and Strict Regulations

Strict regulations continue to pose a threat to the crypto industry. Angga said that Choke Point 3.0 is underway, with the same mission as the previous version, namely suppressing the crypto industry. 

Two of the main architects of Choke Point 2.0, Bry DC and Bat Ramamurti, are now advisors to Kamala Harris, the presidential candidate who is expected to continue this strict regulatory policy. 

If Harris wins, the “Winter Bull” could last longer, which will affect the market, especially altcoins and decentralized application tokens.

Potential Mega Lockdown and Its Impact

Angga also discussed the potential emergence of Mega Lockdown due to a new virus, known as "Ox" or monkeypox. Even though this virus is currently not as deadly as COVID-19, the threat of a pandemic has had an impact on the crypto market. 

During the COVID-19 crisis in March 2020, Bitcoin dropped drastically by 63%. Although Angga doubts that "Ox" will become a global pandemic, the resulting potential fear could be used to sell a vaccine, ultimately influencing the market.

Conclusion

Even though the crypto market is currently in a phase full of uncertainty, Angga Andinata remains optimistic. 

According to him, this is a good time to start accumulating Bitcoin, especially considering that the Bitcoin price has fallen below the one standard deviation line. 

He also emphasized the importance of maintaining a balance between optimism and pessimism, and always being alert to possible risks.

The crypto market is never free from fluctuations and uncertainty, but for those who are able to survive and adapt, the opportunity to gain profits remains wide open. 

Angga suggests continuing to hold Bitcoin and remaining optimistic, because the adoption of crypto as a global financial tool is still in its infancy, and we are all part of this journey.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.