Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer
— Crypto native media excoriate bitcoin, Poor, Deutsche bank analysts see bitcoin recovering, Many promised, Low liquidity summer, Bottom, Made, Significantly, Hockey stick curve, Chop around — 1 min read
Cointelegraph contributor Crypto Jebb and independent market analyst Scott Melker discussed the state of the crypto market. The pair chatted about why the value proposition for Bitcoin remains strong and what the price action for the top cryptocurrency could look like moving forward. Melker said Bitcoin is thermodynamically sound, meaning it doesn’t “leak” it out through things like inflation. The adoption of Bitcoin is faster than the internet, Melker emphasized that the adoption of the market is moving fast to those who have been in the market for years, “it's a hockey stick curve that is absolutely going parabolic” Melker indicated that there are some developments coming up that could help the market out of its lull. Source