The crypto market has seen some recovery over the last few days, with the weekend becoming one of its most bullish periods. However, despite the notable rise in the crypto market, crypto analyst Alan Santana has warned of a potential crash that could send the market spiraling. This crash, if materialized, could see the crypto market lose around half of its market cap, something that could signal the beginning of another drawn out bear market. Why The Crypto Market Is In Trouble In the analysis shared on TradingView, crypto analyst Alan Santana outlines why he believes that the market could be in trouble. According to the crypto analyst, this is because the Bitcoin price is entering capitulation and this could affect the whole market. Santana refers to this as “Bitcoin’s 2024 Capitulation Event,” which poses a threat to the crypto market as a whole. Related Reading: Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First This comes because there has been a lot of withdrawal from the crypto market in recent times. ..
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