Crypto Markets Enter Bearish Close: Get Ready for Consolidation Phase in 2022!
• The crypto markets are on the edge of closing the yearly trade in 2022 which has been historically bearish.
• Popular crypto assets like Bitcoin, Ethereum, Cardano, Ripple, and Solana, are believed to remain within an accumulation phase for an extended period.
• Market sentiments remain drained as fewer positive waves hover around the yearly close which indicates the consolidation phase to prevail.
As the year 2022 comes to a close, the crypto markets are in for a bearish run. With the prices of popular crypto assets believed to drop heavily in the coming days, it is expected that the market will remain in a consolidation phase for an extended period. This is further indicated by the drained market sentiments and the lack of positive waves hovering around the yearly close.
The most popular crypto assets like Bitcoin, Ethereum, Cardano, Ripple, and Solana, are all expected to stay in an accumulation phase. This means that investors and traders would need to be patient and wait for the right conditions before making any moves. It is also important to note that the gains or losses made in the crypto markets in the coming year could be huge, and so investors should be extra careful and plan their strategies accordingly.
In addition, the crypto markets are expected to remain highly volatile in the coming weeks. Rapid price movements are likely to be seen, and so investors should be aware of the risks involved and avoid making any rash decisions. The bearish close for the year 2022 is an indication that the crypto markets are in for a rough ride in the near future, and so investors should be well-prepared for any eventuality.
Overall, the crypto markets are set to remain in a consolidation phase for a while before any major movements are seen. It is important to remember that the bearish close for the year 2022 should not be taken as a sign of doom, but rather as an opportunity to make smart investments and plan for the future. With the right strategy and a bit of patience, investors can make the most out of the bearish close and gain profits in the long term.