Experienced Analyst Speaks After Bitcoin’s Drop: “I’ll Start to Worry If the Price Falls Below This Level”

Cryptocurrency analyst Joao Wedson while evaluating the recent drop in the Bitcoin price argued that there should be no panic despite the current volatility of the ￰0￱ the time of writing Bitcoin is trading around $101,000 and has lost 5% of its value on the ￰1￱ stated that if Bitcoin doesn't fall below $92,000

the current price action could be considered merely ￰2￱ to the analyst a drop below this level could mean the market could enter a “true downtrend.” However Wedson stated that Bitcoin is currently only in a consolidation phase and he argued that volatility in the crypto market shouldn't be ￰3￱ News: Bitcoin Price Hits $100,000 - Here's the Latest Situation and Data on the Major Drop The analyst noted that the number of investors complaining about market volatility is increasing

noting that the total market capitalization of crypto assets still lags behind that of major tech ￰4￱ to Wedson this difference demonstrates that price volatility is a natural and expected phenomenon in the crypto ￰5￱ also argued that Bitcoin's current daily price chart bears a near-identical mirror image of the 2022 bottom ￰6￱ said he identified this similarity using an analysis tool currently under development called “Alphractal's Fractal Identifier,” and that historical price movements tend to repeat themselves sometimes even in the opposite direction. *This is not investment ￰7￱ Reading: Experienced Analyst Speaks After Bitcoin’s Drop: “I’ll Start to Worry If the Price Falls Below This Level”