70% of people think that Bitcoin could turn bullish in 12 months. Why? We are going to shed some light on the current bear market and when it will end with Investor’s famous crypto expert Lark Davis.

A Polish opinion!

While the entire cryptocurrency market is in a downtrend for more than two months, investors are hopeful that this will last no more than a year. In a survey conducted by Lark Davis, a cryptocurrency expert, on his Twitter account, more than 70% of people expressed that this market bear run will end in almost 12 months.

However, 30% of people are still bearish on this and believe that the market could continue to behave in the same way for more than two years.

Deep correlation between Nasdaq and the stock market

Lark Davis tried to simplify the math of the market for investors. Highlighting a deep correlation between the Nasdaq, the stock market and the crypto market, he predicted that this bearish streak could last at least 12 months.

According to Lark, the behavior of Nasdaq is highly dependent on tech firms, while the same is true of cryptocurrencies. So if the Nasdaq is going to go up, the crypto will go up too, or if the opposite happens, the crypto will follow suit. These days, Nasdaq is also in a bear run and that is reflected in the crypto market as well.

When can traders expect the next bull run?

Although there is hope that this chaotic atmosphere in the crypto markets will end soon, a chart presented by Lark shows that this is not the first bear trend in the crypto market. There have already been two bear runs since 2014 and each lasted at least two years before the market hit an all-time high again. Investors can once again hope for the same thing once the market bottoms.

Lark stated that the way the market has been falling, there could be a little bit of a downturn waiting, and there will be a boom in the market again after that. He made it clear that recessions happen because the market is already damaged on the inside, and once that period is over, investors can earn double digits.

Lark determined that achieving future gains in the crypto market will require patience and a long-term investment strategy.

BTC may have already reached its “pain threshold.”

Technicals, on the other hand, suggest a slight uptick, with the RSI consistently experiencing positive divergence. Despite this, the MACD is about to show a big buy signal as the selling volume appears to be tapering off. Additionally, as merchants accumulated at the discounted price, the number of addresses holding 1 Bitcoin also peaked. As a result, BTC prices are expected to remain below $45,000 for some time before the next surge.

Despite this, according to crypto expert Lark Davis, Bitcoin has been closely following Wall Street’s Nasdaq 100 Index as mentioned in his tweet. He clarified that if the Nasdaq continues to correct, which is more likely, Bitcoin could suffer again. Nasdaq is already down 28 percent from its peak.

As previously predicted, it crashed below 12,100 on Tuesday. As a result, both Wall Street and Bitcoin may bleed more. While the next support level will be $22,000 if the price of BTC falls below $28,000. This indicates that altcoins may face more difficulties in the future.

final thoughts

Davis finished by adding that while there is currently a bloodbath in the financial world, it is very difficult to predict the exact bearish bottom. People need to be more cautious with their money as a result of this.

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This post There is no Crypto Bull Run in 2022! Traders have to wait 2 more years! this is why

was published first on https://coinpedia.org/opinion/traders-have-to-wait-for-2-more-years/

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