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COINTURK NEWS > Cryptocurrency News > Experts Warn Against Panic Selling as Market Signals Point to Recovery
Cryptocurrency News

Experts Warn Against Panic Selling as Market Signals Point to Recovery

In Brief

  • Experts advise against panic selling despite recent declines in cryptocurrency prices.

  • Bitcoin shows a potential upward trend with a significant double bottom formation.

  • Solana's valuation is considered significantly low compared to its growth potential.

İlayda Peker
İlayda Peker 2 months ago
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Recent declines in the cryptocurrency market are viewed as temporary, with experts urging against panic selling. Notably, the analyst known as InvestAnswers, with a YouTube channel boasting 563,000 subscribers, has indicated that technical indicators for digital assets like Bitcoin $103,575 and Solana $171 are signaling a potential upward trend. The analysis suggests that the “double bottom” formation observed in Bitcoin and the positive metrics for Solana may herald a significant recovery in the near future.

Contents
Bitcoin’s Double Bottom Formation and ExpectationsSolana’s Growth Potential and Analyses

Bitcoin’s Double Bottom Formation and Expectations

According to data shared by InvestAnswers, Bitcoin has shown resistance at the $82,000 level over the past week. This movement aligns with a pattern known as “double bottom,” which typically indicates a trend reversal in technical analysis. The analyst emphasized the similarities of this signal to past upward movements, suggesting that the market overall may continue its bullish trajectory.

The consolidation of Bitcoin within its current price range can lead investors to mistakenly perceive short-term declines as permanent. However, experts note that large-scale investors are capitalizing on lower prices, warning of the “bear trap” risk. Market participants are encouraged to formulate strategies based on technical indicators and volume data.

Solana’s Growth Potential and Analyses

InvestAnswers claims that Solana’s current market valuation is significantly underestimated when compared to fundamental data. Based on a mathematical model developed by the analyst, it is suggested that Solana’s market cap should reach $24 trillion when considering user numbers, transaction volumes, and revenues. This figure exceeds Bitcoin’s current valuation of $2 trillion.

As Solana trades around $125, its technological infrastructure and ecosystem expansion are seen as key criteria for investors. The analyst believes that Solana offers a higher return potential compared to Bitcoin but cautions about the associated volatility. Particularly, developments on the network and protocol updates could greatly influence price movements.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 11 March, 2025 - 4:37 pm 11 March, 2025 - 4:37 pm
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