Not a Bull Market, Just an ‘Appetizer,’ Says Crypto Analysts
While enthusiasm brews within the crypto community regarding recent crypto market price shifts, crypto analysts assert that these movements merely serve as a teaser for a potential bull market.
Describing the current situation as an ‘appetizer,’ analysts suggest it offers a taste of what lies ahead.
Crypto Analysts Predict the Arrival of the Bull Market
On X (formerly Twitter), both Miles Deutcher and Lady of Crypto took to their respective accounts to remind their large followings that the current crypto landscape isn’t indicative of a bull market.
They emphasized that there is still ample room for other developments to unfold.
Miles Deutcher indicated to his 371,100 followers that the best is yet to come for crypto investors:
“You think this is a move? This is what a real move looks like. What we’re experiencing now is just the appetizer.”
Meanwhile, in similar words Lady of Crypto told her 426,900 followers that “this is not the bull market, this is an appetizer.”
At the time of publication, Bitcoin’s price stands at $36,096.
Recent Speculation Sparks Bull Market Anticipation
Recent developments and speculations strongly suggest the likelihood of an imminent bull market.
Notably, the ongoing discussions within the crypto community regarding the potential approval of a Bitcoin spot ETF have captured significant attention.
If granted approval, these ETFs could pave the way for institutional funds to enter the Bitcoin market. This could potentially resulting in favorable price dynamics.
Furthermore, the fear greed index, a metric gauging market sentiment, currently stands higher than usual. As of the latest update, the index registers at 70 out of 100.