Crypto Prices Likely Hit Mid-Term Bottom Last Week: Analyst
CryptoNewsTerminal Staff14 Aug, 2024
Crypto Prices Likely Hit Mid-Term Bottom Last Week: Analyst
Jamie Coutts, crypto market analyst at Realvision and former Bloomberg Intelligence analyst, took to Twitter to share his insights on the recent market downturn. According to Coutts, his proprietary 180-day low indicator suggests that crypto prices may have hit a mid-term bottom after last week's Black Monday rout. "Waiting for confirmation that crypto has broken the bear market downtrend," he said. He also noted that the "top-40 crypto market cap ratio is still bearish." Analysts and investors will be watching closely to see if crypto prices can sustain any recovery or if they will continue to trend downward.
