For Naeem Aslam, chief market analyst at AvaTrade at Bolsamanía, “there are many in the market who believe that the bearish cycle has not fully completed and the price could move further towards $10,000. Among them is Bilal Little, who, in an interview with ‘CoinDesk TV’, acknowledged that he sees “one or two big headlines” that will cause “some impact in the market”. “Once we get to somewhere in the middle, around $12,000 or $13,000, we should have gotten a good purge in the system,” added.
What about the rest of the market?
In the rest of the market, the good tone prevails at the beginning of 2023. Binance coin (BNB) registers increases of 3.6%, while cardano (ADA) gains 5%. Polygon (MATIC) is up 2.7%, while Ripple (XRP), Litecoin (LTC) and Dogecoin (DOGE) are up around 1%. Solana (SOL) continues its climb from December lows and soars 17% after Ethereum blockchain co-founder Vitalik Buterin praised the Solana blockchain protocol.
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Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
