Top market analyst Bitcoin (BTC) bears may sustain drawdown by 5%
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While Bitcoin is currently bearing its own brunt of the market onslaught, other altcoins are dropping much faster, helping to reinstate the dominance of the coin above the 50% benchmark.While the technical indicators are not generally optimistic, per the potential price surge of Bitcoin, the fundamentals surrounding the asset make a amid-to-long term bullish case for current HODLers.
Bitcoin remains an anchor for the industry, and many believe that irrespective of this ongoing sell-off, the coin is still the best asset to bank on for long-term gains.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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