Analyst Predicts Continued Bullish Trend in Crypto Market
A well-known crypto analyst has advised investors to remain patient as the next crypto bear market is not yet on the horizon. Guy Turner, the host of Coin Bureau, shared his insights with his 2.66 million YouTube subscribers in a recent video update.
Bitcoin Season Still Prevails
Turner highlighted that Bitcoin dominance is still on the rise, indicating that we are still in the midst of Bitcoin season. However, he suggested that a shift to altcoin season may be approaching, with the top 10 altcoins likely to attract significant investment inflows.
At the time of writing, Bitcoin is trading at $84,542, showing a slight increase for the day, with a dominance level of 63.9%.
Regulatory Support and Market Resilience
Turner also pointed out that the regulatory environment for digital assets in the US has become more favorable, thanks to the pro-crypto stance taken by the previous administration. This shift is expected to attract a wider range of investors to the crypto market, both retail and institutional.
Despite recent market fluctuations, Turner emphasized that the overall outlook remains bullish, and there is no immediate cause for concern regarding the onset of a bear market.
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