Bitcoin Dips While Altcoin Investors Lose Hope – What’s Next? – BitRss

After nearing the $97,000 mark, Bitcoin’s price shifted downward, prompting a fresh decline. Cryptocurrency traders are feeling significant strain, with many taking to social media to express concerns about potential losses. The ongoing nightmare raises the question: how long will this last?

The Dismal State of Altcoins

Altcoins have endured a tedious phase lasting over 70 days, leaving investors psychologically drained. Although significant recoveries typically follow such bleak periods, the risk of prolonged consolidation remains alarming. Additionally, as May approaches, the annual “sell and go away” narrative suggests another downturn.

In today’s assessment, Jelle shares insights indicating that historically, halving events have led to prolonged Bitcoin $0.000071 bull runs. Currently, the peak occurred just 273 days post-halving, raising questions about whether this cycle has been the shortest yet.