The recovery of Bitcoin is once again sparking debate. Many traders believe the recent rise is just a dead cat bounce, but analysts from The House of Crypto, Peter Anthony, have a different perspective.
According to Anthony, market fear has actually become too extreme. After many traders cut their losses during last week's crash, they are now hesitant to re-enter even as prices begin to recover. Patterns like this, he says, have often occurred in the early phases of Bitcoin's previous uptrends.
Anthony emphasizes that the larger trend is still bullish. Corrections may appear as BTC approaches previous highs, but that's merely part of the journey towards a stronger rally. He even predicts that the narrative of "dead cat bounce" will fade when Bitcoin breaks through $115,000, triggering massive FOMO from those who were previously pessimistic.
In essence: skeptics will remain skeptics… until they are late.
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