Crypto Markets Could Enter ‘Ballistic’ Phase, Alex Krüger Says

According to the latest reports, it seems that the crypto markets could see an important phase ahead. Check out the latest reports below.

It’s just been revealed that an important analyst is addressing the crypto markets.

Accoridng to the latest reports, it has been revealed that the economist and crypto analyst Alex Krüger says he feels the bottom is likely in and a volatile move to the upside could be taking shape.

In a new live stream with Scott Melker, Krüger says he’s expecting crypto markets to enter a bullish phase.

He made sure to explain the fact that barring a black swan event, he doesn’t think the S&P 500 will collapse down to $3,000.

He also said that the equities will likely trade within a range, giving Bitcoin (BTC) and crypto markets the chance to de-correlate from the traditional markets and move to the upside.

“For me, [predicting a black swan event is] getting into crystal balling territory. I can’t make the forecast. So that’s basically based on that, my ignorance. As to what’s going to happen in that regard, I think that it’s most likely that equities stay range-bound, capped by interest rates.”

He continued and said the following:

“On a historical basis, comparing equities with rates and real rates, they are actually quite high. It’s definitely a headwind. To me, that means range-bound and basically almost no upside on equities.”

He also said this: “What Bitcoin has, what crypto has, [are these] idiosyncratic variables that can truly, just for brief periods, make it completely de-correlate and go ballistic either way, up or down. I’m thinking up.”

An important crypto strategist believes that Bitcoin (BTC) is likely going to surge significantly in the midterm.

Pseudonymous analyst Altcoin Sherpa said that a burst to the upside is in the cards for Bitcoin, but first, he predicts a dip for the king crypto.

“BTC: my area of interest is $21,500. Right near the 200-day EMA [exponential moving average] and getting more in the HVN [high volume node] area. Price can still retrace 15% in these conditions and still move higher overall. I still believe we’re going to $30,000 eventually in the midterm.”