Ansem: Currently, I don't see signs of a bull market, only momentum ending and prices declining.
Foresight News reported that crypto KOL Ansem tweeted, "Looking at the sfp (Swing Failure Pattern) on the weekly charts of XRP, SOL, and ETH, I simply can't be bullish on the market. It reminds me of the sfp on Ltc in 2021. Plus, with BTC trading back below its 2024 ATH, I don't see a bull market scenario. What I see is the end of momentum and a decline in prices. The massive distribution lasting 10 months is about to end. There are no new narratives. MSTR peaked in November 2024. For the first time since 2023, it has fallen below the 200dma and turned into a resistance level. ETH and BTC have already rallied as they do at the end of every cycle. The only thing that would change my mind is if we get back above $112,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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