Despite negative events, well-known YouTuber and market analyst Lark Davis sees a chance for a positive turnaround. In his opinion, this is just a temporary phase before a significant upward movement. During his latest YouTube recording, Davis shared his thoughts on the future of Bitcoin and altcoins.
“Short-term pain, long-term gains. You know, I truly believe that at some point we will face an epic bull market, but first we have to get through this. I don't know how long it will take, folks. It will take weeks, maybe months, to recover from this. Do we still have a correlation with M2 to at least see a big, solid relief rally in May and June? Not in April, but in May and June – we’ll see. There’s still a chance for that. But if it doesn’t happen, maybe the third or fourth quarter will look quite good. It doesn’t matter, I’ll be here, you’ll be here, the markets will recover. Next time I’ll take more of the profits. Plan for it, prepare for it.”
The YouTuber reminds us of the dependence of the cryptocurrency market on the money supply. He notes that if this dependence holds, a recovery is very likely. On the other hand, he does not rule out delays in the return of the bull market. He encourages his viewers to be patient and prepare for the next upward impulse.
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