• Analyst explains why the current market dump is playing out. 
• He says that the current price action will eventually lead to a new bullish reload. 
• Gold and silver hit new ATH prices and will eventually see liquidity flow to crypto.

Ten days into Q4, and expectations are already being let down by impatient traders and new community members who wish to see fast results. Despite no new action since BTC set its new ATH in the $126,000 price range, the prices of BTC and ETH and holding are strong support lines. Thus, a reputed analyst explains why the current market dump is playing out for a bullish reload soon. 

Analyst Explains Why the Current Market Dump Is Playing Out

At the start of Q4, Bitcoin went on to set three new ATH targets, two in the $125,000 price range and one in the $126,000 price range, three days ago. After this, both BTC and ETH prices went on to decline to trading in the $121,000 price range for BTC and the $4,300 price range for ETH. Now, analysts are eager to see a new ATH target for both BTC and ETH once again this time at much higher targets. 

Last time BTC set its ATH before Q4 was in the month of August, where it set a new ATH at the $123,000 price range, and just 10 days later, the price of ETH went on to set its first-ever new ATH price this bull cycle, igniting bullish sentiment for altcoins and the start of the bull cycle’s long-awaited altseason. Now, the crypto community continues to wait for ETH to reenter its price discovery phase. 

With current prices still far from ATH prices, analysts are calling the current slump no random dump, and the analyst in the post above goes on to explain what makes this dump different. As we can see in the post above, he starts by talking about how gold and silver are both hitting continuous new ATH targets. Gold alone has added $6 trillion to its value in a matter of months. Large moves like this pull liquidity from other markets. 

Thus, with money rotating out of risk assets like crypto and into safe assets like gold and silver, it signals economic weakness ahead. Now, investors are expecting slower growth, higher debt, and sticky inflation. What’s more, the US government shutting down adds another layer of uncertainty, driving investments in safe assets. 

Community Expects a Bullish Reload For the Crypto Market 

Ultimately, these moves drive inflation possibilities, and eventually, it will put the Fed in a difficult position where it cannot make aggressive rate cuts, leading to short-term liquidity tightening. All in all, these moves will drive fear, meaning that this is not the end of the bull run, but rather a new start. After all, a fear state is where Bitcoin and the crypto market perform best. 

The analyst concludes by saying that smart traders will take this opportunity to accumulate. This, paired with the fact that Q4 is historically Bitcoin’s strongest quarter, makes it highly likely that BTC will go on to set much higher ATH prices in the weeks ahead. Eventually, gold and silver liquidity will pour into crypto, leading to a fast, violent, and euphoric crypto market pump and finally an altseason. 

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