Important evaluations came from a famous Bitcoin analyst in the cryptocurrency world. The analyst, who uses the name thescalpingpro on Twitter, has striking evaluations for the coming time periods. Let’s look at the points emphasized by the analyst.
Bitcoin BTC is in the process of accumulation again
According to the analyst, in the cryptocurrency world, Bitcoin often follows a different pattern during each bull market cycle. After Bitcoin reaches its lowest point, it enters a phase that seems uneventful but is actually very important. Accordingly, this phase is the reaccumulation phase. So what is this stage of reaccumulation?
#Bitcoin in Re-Accumulation Phase ?? 🚨
In Every Bull Market, after #Bitcoin finds its bottom, we usually see a period where prices move sideways.
This might seem a bit boring, but it's actually an important phase called "re-accumulation."
It's like a pause or preparation… pic.twitter.com/h5RmiY6if3
— Mags (@thescalpingpro) September 16, 2023
The reaccumulation phase is characterized by horizontal price movements. Although this may not seem exciting to some, it plays a very important role in the cryptocurrency market. According to the analyst, you can think of this as a pause or preparation period before Bitcoin begins its next rise.
Common mistake: Confusing reaccumulation with distribution
A common mistake made by many in the crypto space is to confuse the reaccumulation phase with distribution. Prices are expected to drop during distribution. Additionally, this indicates that the bear market will continue. This misunderstanding leads investors to sit on the sidelines, hoping for lower prices that never materialize.
On the other hand, we are currently witnessing a scenario reminiscent of the reaccumulation phase. Important players in the crypto world have already started to accumulate Bitcoin. On the other hand, he is preparing for what will happen next. This is, of course, a strategic move to position themselves for the expected price increase. Thus, it can also be interpreted as intense preparation for the rally period.
Why should you pay attention?
According to the analyst, understanding the reaccumulation phase is vital for cryptocurrency enthusiasts. It provides insight into the dynamics of the market and the behavior of major players. By realizing this stage, it becomes possible for you to make informed decisions about your own investments. When we look at Kriptokoin.com, the analyst says that the big players are filling their bags and preparing for the rally period. That’s why he emphasizes to his followers that they should be aware of such a period.
As a result, as Bitcoin moves into its accumulation phase again, it is crucial to stay alert and informed. The crypto market is known for its cycles. On the other hand, recognizing these stages can be the key to making smart investment choices. Once Bitcoin begins its upward journey once again, we should not stand by and watch. It is necessary to seize opportunities. So, the analyst advises, “be prepared, stay informed, and consider what the big players are doing behind the scenes.” says.
