• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

2025-07-11

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Bitcoin $118,000

2025-07-11

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

    2025-07-11

    Bitcoin Pushes Higher – $120K Next Milestone in Sight

    2025-07-11

    Bitcoin $118,000

    2025-07-11

    Crypto Trading Guide: Step-by-Step For Complete Beginners

    2025-07-11

    Bitcoin Shatters All-Time High…Next Stop

    2025-07-10
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»‘Buying The Crypto Dip Is Still Too Early’ Warns Top Analyst — Here’s Why
Bitcoin

‘Buying The Crypto Dip Is Still Too Early’ Warns Top Analyst — Here’s Why

2024-03-20No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Amid a recent downturn in the broader crypto market, the concept of “buying the dip” has once again surfaced, tempting traders and investors with the prospect of snagging assets at lower prices. However, caution is the watchword from Markus Thielen, CEO of 10x Research, a top analyst in the crypto space.

Thielen’s latest advisories suggest that the current market conditions may not yet be ripe for the optimistic strategy of dip purchasing.

The Basis Of Bearish Sentiment

Thielen’s recent analysis, released earlier today, underscores a bearish outlook on flagship cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), advising that it may be premature to buy the dip.

This guidance is rooted in a comprehensive approach to market analysis, combining analog models, data-driven predictive models, and objective analysis.

Bitcoin Analog Model.
Bitcoin Analog Model. | Source: 10xResearch

At the heart of Thielen’s cautionary stance is a detailed report outlining the factors contributing to the firm, 10x Research’ bearish outlook on Bitcoin and Ethereum.

Despite a seemingly attractive price point for these cryptocurrencies, Thielen believes the market has not yet bottomed out, suggesting further declines before any significant rally.

The report pinpoints $63,000 and $60,000 as critical support levels for Bitcoin. A breach below $60,000, Thielen warns, could precipitate a fall into the $52,000-$54,000 range.

Yet, despite these short-term bearish indicators, Thielen remains optimistic about Bitcoin’s potential, envisioning a climb to heights of over $100,000 within the year. Thielen noted:

Buying this dip is still too early. Technically, we still expect Bitcoin to trade below 60,000 before a more meaningful rally attempt is started. Based on the previous new high signals, we could paint a rosy picture of 83,000 and 102,000 upside targets, but for the time being, we are more focused on managing the downside.

The Crypto Market’s Critical Juncture

The current state of the crypto market reflects a tense anticipation of the upcoming central bank announcements from the US Federal Reserve.

See also  They're Going ALL IN on Crypto: This is What Wall St is Buying!

This decision is expected to significantly influence monetary policy and, by extension, the cryptocurrency market. Particularly, insights from crypto futures exchange Blofin suggest that the outcome of this announcement could sway market sentiment substantially.

Bitcoin (BTC) price chart on TradingView amid crypto news
BTC price is moving sideways on the 4-hour chart. Source: BTC/USDT on TradingView.com

Meanwhile, the market reacts in real-time, with Bitcoin slightly increasing 2.4% in the past 24 hours but still showing a notable decline over the past week. Adding to the complexity of the market dynamics are observations from Alex Krüger, a respected figure in macroeconomics and cryptoanalysis.

Krüger attributes the recent price collapse to several factors, including market over-leverage, the negative sentiment ripple from Ethereum, and speculative fervor around certain altcoins. These elements combine to paint a picture of a market at a crossroads, with significant volatility and uncertainty ahead.

Reasons for the crash, in order of importance

(for those who need them)

#1 Too much leverage (funding matters)
#2 ETH driving market south (market decided ETF not passing)
#3 Negative BTC ETF inflows (careful, data is T+1)
#4 Solana shitcoin mania (it went too far)

— Alex Krüger (@krugermacro) March 20, 2024

Featured image from Unsplash, Chart from TradingView

 

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Analyst buying Crypto dip early Heres Top warns
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Trading Guide: Step-by-Step For Complete Beginners

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

What Is Copy Trading in Crypto? A Beginner’s Guide

2025-07-10

What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

2025-07-09
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Binance in Efforts To Enable Bitcoin (BTC) Deposits and Withdrawals via Lightning Network

2023-06-22

Top global crypto exchange Binance is now officially working on integrating Bitcoin (BTC) deposits and…

Bitcoin

Bitcoin [BTC]: Analyzing the factors behind king coin’s declining volatility

2023-05-17

Over the last 30 days, Bitcoin’s volume declined by nearly 37%. BTC worth $1.3 billion…

Analysis

Analyst Willy Woo Says This ‘Enemy’ of Bitcoin (BTC) Rearing Its Ugly Head Again

2023-09-24

Popular Bitcoin analyst Willy Woo says BTC faces a large obstacle that could foil the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

2025-07-11

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Bitcoin $118,000

2025-07-11

Crypto Trading Guide: Step-by-Step For Complete Beginners

2025-07-11
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 119,463.01
ethereum
Ethereum (ETH) $ 3,012.21
xrp
XRP (XRP) $ 2.94
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 692.29
solana
Solana (SOL) $ 163.79
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198811
tron
TRON (TRX) $ 0.300808
staked-ether
Lido Staked Ether (STETH) $ 3,012.40
bitcoin
Bitcoin (BTC) $ 119,463.01
ethereum
Ethereum (ETH) $ 3,012.21
xrp
XRP (XRP) $ 2.94
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 692.29
solana
Solana (SOL) $ 163.79
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198811
tron
TRON (TRX) $ 0.300808
staked-ether
Lido Staked Ether (STETH) $ 3,012.40