If you have cryptocurrencies, this news will delight you – the end of Crypto Winter is near according to these experts!





If the bitcoin price stabilizes in the next two weeks, the bear market extended for crypto-currencies – also known as winter cryptocurrency – could end as quickly as it started.

So says Edward Moya, senior market analyst at brokerage firm Oanda, who says, “Wall Street is benefiting from a positive risk atmosphere, which is good news for cryptocurrencies. According to him, the cryptocurrency market is starting. to look “attractive now that the economy looks a little better as the Fed’s tightening expectations have eased.”

Moya refers to the rise in the stock market in recent days and a general easing of macroeconomic fears among investors. Often times, a rise in stocks also leads to a rise in cryptocurrencies. According to him, investors are starting to be more optimistic about the economy, inflation and rising interest rates, which is a positive sign for risky assets. In general, the more confident investors are in the stock market and the overall macroeconomic environment, the greater the risk they are willing to take.

Bitcoin rose above $ 23,000 on Tuesday, reaching its highest level in over a month. Ethereum has risen more than 40% in the past few days and was trading above $ 1,500 on Tuesday.

Many cryptocurrency experts we’ve spoken to over the past few months were expecting a last big drop for the cryptocurrency market, with some aiming for as low as $ 10,000 to $ 14,000 per bitcoin. While that could still happen, Moya says that if more institutions buy in the coming weeks, it could allow bitcoin to bottom out as “market positioning has become extreme.”

What are the prospects for the cryptocurrency market and how should investors react?

Less than a month ago, cryptocurrency was in the midst of one of the worst market crashes I’ve ever seen. Bitcoin and Ethereum have dropped more than 70% from last year’s peak. Several societyFamous cryptocurrency companies, including hedge fund Three Arrows Capital and cryptocurrency lender Celsius, have filed for bankruptcy. The size of the industry itself had dropped below $ 1 trillion, a significant drop from a few months earlier when it was worth over $ 3 trillion.


But investors remain confident that the tremors of the past few weeks are coming to an end, says Marcus Sotiriou, a market analyst at digital asset broker GlobalBlock. Cryptocurrency prices are rising as investors begin to feel more optimistic about the cryptocurrency market, thanks in part to the recent stock market rally in the US, Europe and Asia, he said. Read also: After a great start, LUNA 2.0 drops 80% on its first day of sale. Cryptocurrencies, especially bitcoin, have closely followed equity markets since the start of the year.

“When the market starts reacting positively to negative news, it is a sign that a local low may be hit for now, as fear may have caused the news price,” says Sotiriou.

Despite the positive momentum of the past few days, the cryptocurrency market is still suffering. Both bitcoin and ethererum fell more than 50% this year, and bitcoin recorded its worst quarterly loss in more than a decade between April and June.

“We are in a full-fledged bear market, not a bearish cycle. Just because we see positive price action doesn’t mean we’re out of the rut, “says crypto expert and educator Wendy O.” We are currently trading at $ 1,500 [pour l’ethereum]and to be super bullish on Ethereum, we would need to break above $ 2,248. That’s a pump with a 50% price right there ”.

So what does the latest cryptocurrency rally mean for investors? This shouldn’t significantly change your cryptocurrency investments or the way you invest in cryptocurrencies if you’re on this long-term path. Given crypto’s history of volatility, this increase does not guarantee a long-term reversal. Cryptocurrency prices are likely to fall with the same likelihood of continuing to rise.


As the future of cryptocurrencies will surely be marked by greater volatility, financial advisors recommend earmarking no more than 5% of your investment portfolio for cryptocurrencies and investing only what you are ready to lose. Always make sure your financial foundations are covered, from your retirement accounts to your emergency savings, before investing additional funds in a speculative asset like bitcoin or ethereum.

“We have a long way to go before something happens,” says O.

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Be vigilant and consult your financial advisor before making any investment decisions. Mirror-Mag cannot be held responsible in case of bad investments. Before using any third party service, you should do your research.

Thomas E.
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