• The crypto markets are expected to close 2022 on a bearish note.
• Popular crypto assets such as Bitcoin, Ethereum, Cardano, Ripple, and Solana are predicted to remain in an accumulation phase for an extended period.
• January 2023 is expected to be the time when the crypto markets will start a notable upswing.
The crypto markets are in the final days of closing the year 2022 as the market sentiment remain drained. After the gigantic bull run that elevated the prices of popular crypto assets such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Solana (SOL) to unprecedented levels, the market has seen an influx of unwanted characters that has led to the cleansing of the crypto markets. As the markets are set to close the year in a bearish note, the future of these crypto assets is uncertain.
Analysts believe that the crypto markets will remain in the consolidation phase for an extended period. With the bearish close, the prices of these crypto assets are expected to drop heavily in the coming days. This could be a great opportunity for investors to invest in these assets at a lower price and benefit in the long term.
However, experts remain optimistic that the markets will start a notable upswing in January 2023. This will be the time when the crypto markets will start to recover from the bearish close, and the prices of these crypto assets will start to rise once again. This could be a great opportunity for investors to invest in these assets and benefit in the long term.
Overall, the markets are expected to close the year 2022 on a bearish note, but with the expectations of a notable upswing in the markets in January 2023, investors can take advantage of this and invest in these crypto assets at a lower price. This could potentially be a great opportunity for long term investors to gain profits.