{"id":625912,"date":"2023-04-05T14:49:40","date_gmt":"2023-04-05T19:49:40","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/05\/crypto-analyst-warns-of-impending-market-crash-heres-when-traders-can-expect\/"},"modified":"2023-04-05T14:49:40","modified_gmt":"2023-04-05T19:49:40","slug":"crypto-analyst-warns-of-impending-market-crash-heres-when-traders-can-expect","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/05\/crypto-analyst-warns-of-impending-market-crash-heres-when-traders-can-expect\/","title":{"rendered":"Crypto Analyst Warns of Impending Market Crash: Here\u2019s When Traders Can Expect"},"content":{"rendered":"
\n
\n
\n
\"bitcoin
bitcoin price crash<\/figcaption><\/figure>\n<\/div>\n
\n

Crypto analyst Nicholas Merten has warned<\/a> that the cryptocurrency market could be on the brink of an epic setback. According to Nicholas, betting on the Federal Reserve<\/a> to jumpstart the crypto markets by printing more money is not a wise decision.\u00a0<\/p>\n

Despite the quantitative easing that is currently underway, he believes that it is not enough to stimulate another bull market. He says that the Fed continuing to raise interest rates<\/a> over the past month is a sign that they will continue to do the bare minimum.<\/p>\n

Crucial Test Ahead<\/strong><\/h2>\n

The expert pointed out that the crypto market<\/a> is facing a crucial test<\/a>, and if it fails, the total market cap of the industry could suffer an epic setback. He says that the market is entering a potential resistance band that hasn\u2019t been surpassed since January, and that it will need to pass this test to avoid an 85% correction from the all-time highs.<\/p>\n

Is Massive Crash Incoming?<\/strong><\/h2>\n

Nicholas added that if the market does face the said epic setback, the total market cap could land in a range of around $390 billion. This would be an ideal range of support, according to him, as it would flush out a lot of the noise in the altcoin <\/a>space, allowing investors to look for new market leaders and trends. He urges traders to be patient and focus on the long-term game.<\/p>\n

The cryptocurrency market has been trading within an unusually tight 5% range since March 17, and the total market capitalization has gained 3.8% in the past seven days, driven mainly by Bitcoin<\/a>\u2018s 3.5% price increase and Ether<\/a>\u2018s 6.2% gain.\u00a0<\/p>\n

Also Read: Bitcoin Shrugs Off Regulatory & Recession Uncertainties: Bloomberg Expert Claims It Is \u2018Untouchable\u2019 \u2013 Coinpedia Fintech News<\/a><\/p>\n

Tracing Crypto\u2019s Recent Performance\u00a0<\/strong><\/h2>\n

The cryptocurrency market has been performing well recently, with bitcoin org<\/a> \"information\"<\/span><\/span><\/p>\n

<\/a><\/span> <\/a> bitcoin org<\/span> <\/span> <\/span> Event Organiser<\/span><\/span>Technology<\/span><\/span>Payment solution<\/span><\/span> <\/span> <\/span> <\/span> up approximately 70% this year and currently valued at over $28,000. The ongoing banking crisis<\/a> has contributed to this surge as investors seek alternatives to protect themselves against inflation. However, Nicholas warns that the current surge in the cryptocurrency market could be short-lived and that traders need to be cautious.<\/p>\n

Ethereum<\/a> has remained strong above the $1,800 resistance zone, trying to break through the $1,940 resistance zone. Ether\u2019s price reached as high as $1,880 before experiencing a downward correctio<\/a>n, falling below the $1,800 level. If Ethereum fails to surpass the $1,900 resistance, it may initiate a downward correction.<\/p>\n

This Might Interest You: Crypto Market Myth DEBUNKED: Here\u2019s Why The Fed\u2019s Rate Hikes Won\u2019t Lead To A Collapse \u2013 Coinpedia Fintech News<\/a><\/p>\n<\/div>\n

\n

Was this writing helpful?<\/h4>\n

No<\/span> Yes<\/span><\/h5>\n<\/div>\n
\n

\"Photo <\/a><\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Sohrab Khawas<\/p>\n","protected":false},"excerpt":{"rendered":"

bitcoin price crashCrypto analyst Nicholas Merten has warned that the cryptocurrency market could be on the brink of an epic setback. According to Nicholas, betting on the Federal Reserve to jumpstart the crypto markets by printing more money is not a wise decision.\u00a0Despite the quantitative easing that is currently underway, he believes that it is<\/p>\n","protected":false},"author":1,"featured_media":625913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23380,22791],"tags":[],"class_list":{"0":"post-625912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analyst","8":"category-crypto"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=625912"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/625913"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=625912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=625912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=625912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}