On Aug. 22, BlockBeats reported comments from crypto analyst Darkfost, who said the market is unlikely to keep moving in a straight line to the upside. In his view, a large amount of liquidity has built up below the current price, raising the likelihood of a pullback that would sweep part of that liquidity. He also said market volatility is returning as expected. The remarks point to a near-term setup in which price may retrace before any continued advance, while volatility conditions begin to normalize. No additional price targets or timeframe beyond the published date were provided in the post cited by BlockBeats.
BlockBeats reported on Aug. 22 that crypto analyst Darkfost said the market is unlikely to move higher in a straight line.
According to his post, a large amount of liquidity has accumulated below the current price, making a pullback likely to sweep part of that liquidity. He also said volatility in the crypto market is returning as expected.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
