Crypto Markets Shaken: Should You Buy or Sell Now?

Bittime - Crypto asset markets have experienced significant fluctuations recently, leaving investors wondering whether they are facing a temporary correction or the start of a prolonged bear market. Dramatic altcoin price movements also further amplify this uncertainty.

Check out the market analysis behind crypto market instability in this article!

Expert Analysis: Buy When Prices Dip?

Crypto analyst No Bs Crypto believes that history often repeats itself, with market downturns followed by periods of substantial growth. He encouraged investors to consider buying when markets are volatile, citing the famous saying, “Buy when there is blood on the streets, even if that blood is your own.” 

No Bs Crypto shows that history shows downturns are often followed by strong recoveries, especially for those who invest during extreme volatility. Despite current market pressures, the analysis shows there are still promising buying opportunities in the future.

Factors that Trigger Market Instability

Several factors have contributed to market volatility. Geopolitical tensions, such as potential conflict between Iran and Hezbollah, have increased investor fears. Additionally, Japan's decision to raise interest rates has disrupted carry trading, impacting global financial markets.

Moreover, forced asset sales by major players such as Jump Trading, Grayscale, and FTX estate have exacerbated the downward pressure on the market. This disruption has caused ripples across global financial markets, creating a persistent downturn.

There's Still Hope for Crypto to Recover

Even though the outlook looks gloomy and the crypto market is reeling, there are positive indicators. Large investors, or “whales,” actively buy when prices fall, demonstrating confidence in the market's eventual recovery. Additionally, an anticipated drop in US interest rates and increased liquidity from Treasuries may provide market support.

Bitcoin price behavior also shows a pattern of rapid recovery after a period of extreme pessimism. This suggests that the market can recover quickly from the current downturn.

According to Santiment, the rebound was fast Bitcoin is $57K followed by a bearish prediction of a drop to $40K-$45K indicating the market's tendency to recover quickly after extreme pessimism. This pattern is often observed in 2024, where peaks of pessimism often trigger buying activity and rapid price recovery.

Be Careful Before Deciding

Ultimately, the decision to buy, sell, or hold cryptocurrency depends on individual risk tolerance, investment goals, and market outlook. While it is difficult to time the market perfectly, investors should focus on their long-term goals and stay aware of market trends and expert opinions.

When the crypto market is in turmoil it is important to maintain a balanced perspective and make informed investment decisions.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is 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.