2024

Bitcoin

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<ul>
 <li>Ongoing brutal crypto market dips lead to massive FUD sentiment.</li>
 <li>Seasoned crypto traders and analysts step in to remind the crypto community of the big picture.</li>
 <li>The target for Bitcoin (BTC) is still $100,000 and above this bull cycle, remain patient.</li>
</ul>
<p>Unfortunately, the ongoing crypto market dip continued to cause pain in the crypto realm. As many traders give up and lose faith, many witness flashbacks to the crypto bear market where red signals and panic-selling took over.</p>
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   <p lang="en" dir="ltr">Taking <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> profits in this region is absolutely no option for me and never came in my mind to sell even 1% of my portfolio that was bought at 16-18k!<br><br>My targets are clear and I will hold my bags till reaching targets above 100k and more. Soon you will understand..</p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1785763812869636140?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2024</a>
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<p>Amidst the noise and chaos, seasoned traders stand out as the voices of reason. One particular resounding voice is that of <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-unveils-latest-bitcoin-market-insights/" target="_blank" rel="noopener noreferrer nofollow">silver-tongued crypto analyst Doctor Profit</a>. Doctor Profit reminds most BTC holders that he will not sell his Bitcoin as he bought it at $16,000-$18,000 price.</p>
<p>This means despite his portfolio being in a profit state, Doctor Profit refuses to sell. This move shows incredible faith in his prediction of <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-predicts-bitcoin-surge-beyond-100k-after-halving/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) price going towards the $100,000 mark</a> and possibly surpassing this stage.&nbsp;</p>
<p>Doctor Profit reminds Bitcoin and crypto holders that targets for all crypto assets have not changed and that the crypto market is still in a bullish phase. He advices holders to remain strong and patient and not to succumb to FUD.</p>
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   <p lang="en" dir="ltr">My take on the dip… <br><br>The BTC dip or sideways was expected since it happened after the last two halvings. I tweeted about this a few weeks ago.<br><br>Alts dipping this hard was not expected. It's a pretty brutal dip.<br><br>My game plan remains unchanged, though. <br><br>I was shaken out on…</p>— Lady of Crypto (@LadyofCrypto1) <a href="https://twitter.com/LadyofCrypto1/status/1785589543258767446?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2024</a>
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<p>Supporting his opinion are a few other seasoned traders. <a href="https://twitter.com/LadyofCrypto1" rel="noopener noreferrer nofollow">Lady of Crypto</a> cites her personal experience with panic selling during a brutal dip last cycle only to have missed life-changing pumps right after. He too reminds traders to remain bullish for the long-term and not give in to FUD.</p>
<p>Adding on to the narrative, <a href="https://twitter.com/CryptoGirlNova" target="_blank" rel="noopener noreferrer nofollow">Crypto Nova</a>, another seasoned trader explains why this sort of market dip is what makes the crypto industry what it is. She speaks of how the bull cycle is where holders turn $1000 to $100,000.&nbsp;</p>
<p>These kinds of gains are only possible in an industry that allows 5x, 10x, and 100x moves but the volatility comes in exchange for corrections of 40%, 50%, and 60%. She <a href="https://twitter.com/CryptoGirlNova/status/1785767224881377493" target="_blank" rel="noopener noreferrer nofollow">advices holders</a> to make rational decisions and play their cards well to walk away with gains instead of losses.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/bitcoin-in-a-less-severe-bear-market-ja-maartunn/" rel="noopener noreferrer nofollow">Bitcoin In a Less Severe Bear Market: JA Maartunn</a></li>
 <li><a href="https://cryptonewsland.com/nigerias-enaira-beats-us-in-cbdc-race-amid-severe-fiat-shortages/" rel="noopener noreferrer nofollow">Nigeria’s eNaira Beats US in CBDC Race Amid Severe Fiat Shortages</a></li>
 <li><a href="https://cryptonewsland.com/cz-imprisonment-triggers-massive-crypto-market-crash-analysts-unite-to-dispel-growing-market-fud/" rel="noopener noreferrer nofollow">CZ Imprisonment Triggers Massive Crypto Market Crash, Analysts Unite to Dispel Growing Market FUD</a></li>
 <li><a href="https://cryptonewsland.com/g20-summit-polishes-declaration-for-crypto-industry-support-and-regulation/" rel="noopener noreferrer nofollow">G20 Summit Polishes Declaration for Crypto Industry Support and Regulation</a></li>
 <li><a href="https://cryptonewsland.com/charles-hoskinson-dispels-ripple-internship-rumors-claims-vitalik-was-ripple-intern/" rel="noopener noreferrer nofollow">Charles Hoskinson Dispels Ripple Internship Rumors, Claims Vitalik Was Ripple Intern</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bear-market-flashbacks-cause-severe-crypto-market-dip-patient-analysts-dispel-fud-with-btc-targets-over-100k/" rel="noopener noreferrer nofollow">Bear Market Flashbacks Cause Severe Crypto Market Dip, Patient Analysts Dispel FUD With BTC Targets Over $100K</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bear Market Flashbacks Cause Severe Crypto Market Dip, Patient Analysts Dispel FUD With BTC Targets Over $100K

Crypto News Land

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