The post Crypto Market to See Major Pump in 7 Days, Analyst Shares Tips appeared on BitcoinEthereumNews.com.

The crypto market could see a strong recovery in the next seven days, according to prominent crypto analyst Miles Deutscher. In a detailed market analysis, Deutscher explains that the current market weakness represents a typical pre-Christmas pattern, with the post-holiday period historically showing stronger performance. This prediction comes after Bitcoin’s recent correction from its all-time high above $108,000. Crypto Market Psychology and Holiday Trading Patterns The current market sentiment shows a paradoxical situation that Deutscher identifies as typical end-of-year behavior. Just two weeks ago, investors were actively seeking entry points and lamenting missed opportunities as cryptocurrencies reached new highs. Miles stated that now that prices have declined, creating those very buying opportunities, fear has overtaken the market, and many traders hesitate to take positions. If you’re scared or confused, this is a must-watch video. I break down my full plan for the next 2 weeks, including the top altcoins I’m buying RIGHT NOW. This is a massive opportunity ahead of the new year. I’ll show you why (and how you can benefit)👉https://t.co/tpAG7AnG0V — Miles Deutscher (@milesdeutscher) December 24, 2024 This psychological pattern coincides with specific holiday-related market dynamics. Large institutional funds are currently closing their positions to lock in yearly profits and present strong performance metrics to stakeholders. – Advertisement – This technical selling pressure, combined with reduced trading volume during the holiday period, has created temporarily depressed prices that don’t reflect underlying market strength. Deutscher points to historical data showing that the period after Christmas typically outperforms the pre-holiday period. This “Santa rally” pattern, well-documented in traditional markets like the S&P 500, often extends to cryptocurrency markets. The analyst notes that when trading desks reopen and normal market activity resumes in January, fresh capital tends to enter the market as investors and fund managers deploy new year allocations. Altcoins…

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Filed under: News - @ December 25, 2024 12:16 am