Bitcoin and Ethereum to Reflect on 2019 Business, Former Crypto Analyst Claims to Invest in ARK

Bitcoin and Ethereum, two of the world’s largest cryptocurrencies, rose nearly 20% in a week. This momentum has pushed all cryptocurrencies in the market, resulting in the global crypto market capping $1 trillion for the first time since November 2022.

However, currently the global crypto market value has decreased slightly by $981 Bln and Bitcoin has fallen to the $20,000 level.

Meanwhile, a famous crypto analyst and former partner in ARK Invest, Burniske has analyzed the crypto market. The analyst said the current market situation may not be a short-term rally, so we will see a 2019-type scenario.

Earlier in 2019, the analyst said that the first two cryptocurrencies, Bitcoin and Ethereum rose by 4X that year. The analyst expects the crypto market to repeat the same phenomenon.

However, Berniske said he would be happy to buy the dip if the market decides to reverse its trend. The position to buy the dip or increase crypto holdings is always strong. It should be noted that Burniske’s forecasts are based on wave trading, where investors and traders switch between medium and long-term trends. During this period, traders do not see the market conditions correctly, be it corrections or stocks.

Currently, Bitcoin is changing hands at 20,985 after a $0.25% increase in the last 24hrs.

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