Despite negative events, well-known YouTuber and market analyst Lark Davis sees an opportunity for a positive turnaround. In his opinion, this is just a temporary phase before a large upward movement. During his latest YouTube recording, Davis shared his thoughts on the future of Bitcoin and altcoins.
“Short-term pain, long-term gain. You know, I really think that at some point we are in for an epic bull market, but first, we have to get through this. I don't know how long it will last, people. 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 bounce in May and June? Not in April, but in May and June – we'll see. There is still a chance for that. But if it doesn't happen, maybe the third or fourth quarter will look pretty 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 about the dependency of the cryptocurrency market on the money supply. He notes that if this dependency holds, a rebound is very likely. On the other hand, he does not rule out delays in the return of a bull market. He encourages his viewers to be patient and prepare for the next upward impulse.
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