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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin, Ethereum, XRP In Fine Shape, Analyst Says: 'People Are Freaking Out Just Because It's Going Sideways'

Bullish,Bitcoin,Market,Concept,With,Charging,Bull,And,Rising,Cryptocurrency

A recent minor dip across major cryptocurrencies did little to discourage one of the industry’s most prominent analysts, who remains optimistic about near-term price action.

What Happened: In a podcast update published on Wednesday, pseudonymous crypto analyst DonAlt said he’s surprised by how quickly traders are panicking over minor pullbacks: "Bitcoin's (CRYPTO: BTC) chart is hilariously bullish on the monthly. People are freaking out just because it's going sideways."

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