A cryptocurrency trader stated that Friday's cryptocurrency market crash may actually mark the early stages of a bull market.
"I think this is very likely the beginning of a bull market," cryptocurrency trader Alex Becker said in a video posted to YouTube on Saturday.
"I think selling now might be the dumbest thing you can do," Becker said. Samson Mow, founder of Jan3, echoed similar sentiments in an X post on the same day, stating, "It's time to welcome the next round of Bitcoin's rise."
As Becker made these comments, Friday's cryptocurrency market crash surpassed all previous declines, with Bitcoin (BTC) plummeting over 10% to $102,000 after Trump announced a 100% tariff on China. The $19.31 billion in liquidations was more than ten times the losses during the COVID pandemic crash ($1.2 billion) and the FTX collapse ($1.6 billion).
This crash shocked the global cryptocurrency community, but Becker called it a "massive overreaction," stating that this significant crash "reset everything."
Becker believes traders became frustrated after Bitcoin rose for a year while other cryptocurrency markets lagged.
"I think that is about to change," he said. "This drives people crazy; you see market makers just pulling leverage up and down," Becker added:
According to Becker, the "most impatient" sentiment among investors in recent weeks partly drove this sharp adjustment.
Bitcoin reached a new high of $125,100 on Monday but has yet to hit the $250,000 year-end target predicted earlier this year by BitMEX co-founder Arthur Hayes and Unchained market research director Joe Burnett.
Cryptocurrency analyst Benjamin Cowen shares Becker's optimistic outlook. "I still think it will continue to rise in the short term," Cowen said regarding Bitcoin, noting that Bitcoin's dominance reclaimed 60% on Friday.
Economist Timothy Peterson was more cautious, telling Cointelegraph on Sunday that Bitcoin may enter a "cooling period" of three to four weeks before the asset resumes its rise. "But it may be slower than before," he said.
The broader industry is more skeptical, as the cryptocurrency fear and greed index, which measures overall cryptocurrency market sentiment, released an "extreme fear" score of 24 in its Sunday update.
Related: 2025 Cryptocurrency Security Guide: 7 Easy Ways to Prevent Hacks and Scams
Original article: “Trader: Market Crash ‘Very Likely’ Marks Start of Bull Market”
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