Popular Crypto Analyst Spots Bitcoin (BTC) Opportunity, Says Bullish Ethereum (ETH) Merger Effects Need Time CryptoBlog

A widely followed crypto guru says Bitcoin (BTC) investors can never be sure of market lows, although they can read the signs.

Pseudonym of crypto trader Rekt Capital encourages its 328,500 Twitter followers to trust their instincts and data on BTC.

“As BTC investors, we will never have enough data to know where the absolute bottom will be.

This is why we must take the risk of trusting our experience, our intuition, our investment thesis and having the courage to make a decision that will change our lives in the future”

The analyst suggests that BTC investors who buy in the bear market will always come out ahead.

“People who bought BTC a little too early in the bear market (eg at $35,000) will outperform those who watched when BTC was at $20,000 but did nothing about it.”

Rekt then highlights historical bear market cycles, hint that a new all-time high is only a matter of time.

“Each cycle, BTC hit a new all-time high

The current all-time high is around $65,000

The current price is $20,000

The math is simple if you plan to participate in the next bull market.

okay then defines for his followers what type of investors are now buying into BTC.

“Bargain buyers and long-term holders are now buying BTC

In fact, they’ve been buying for months

Given their dollar cost averaging strategies, they may currently be in a loss position

But they understand that the temporary loss is more than offset by an outsized future reward.

Rekt too addresses Ethereum (ETH) investors who may be disappointed with the smart contract platform’s price drop after the successful merger upgrade, to suggest ETH needs time to turn bullish.

“The investor who is disappointed with the price performance of ETH after the merger is likely the same investor who would be disappointed with BTC immediately after the halving.

BTC only starts to rally strongly months after the halving

These catalysts have delayed and longer-term effects on prices…

The bullish effects of the ETH merger will appear in the long term.

ETH is down about 6% since yesterday’s update.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Feature image: Shutterstock/Ivan Popovych

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