It is highly likely that the crypto winter will end soon, said Edward Moya, senior market analyst at the Oanda exchange, on Tuesday.
According to the specialist, the volume of purchases of bitcoins and other cryptocurrencies is increasing despite the news from the market.
“I think you’re seeing more money hodlers starting to increase their exposure and increase their positions. There is a chance that the crypto winter could be over,” he said during All About Bitcoin.
The analyst spoke after the market collapsed the previous week.
Analysts at crypto research firm Delphi Digital wrote in a report on Monday that if bitcoin follows the pattern of previous historical price cycles, it could fall as low as 10,000 euros before finally heading higher.
The question is how much bitcoin against the dollar / euro will show stability relative to the stock markets.
In fact, the further situation with the stock market will decide whether bitcoin will recover in the near future or not.