There’s no question that the crypto market has ushered in devastating lows compared to what we saw back in December 2017 and early 2018. The majority of cryptos are already 80-90% – or in some cases, even more – down from their all-time highs.
This bear market has been going on for such a long time that you’d think this has to be the extent of it… surely we’re right around the corner from prices seeing a trend reversal and establishing higher lows.
However, this may not be the case just yet. According to an email quoted by Bloomberg on February 6, analysts from the investment and analysis firm Fundstrat Global Advisors warned their clients that cryptocurrency markets could soon experience new lows. This grueling bear market isn’t over yet, it would seem.
Fundstrat Analysts Predict Lower Lows
Analysts at Fundstrat notified customers via email that Bitcoin (BTC) and altcoin prices may soon dip lower, based on current market performance. At the time of writing,…