- Kang mentioned that there were two great months of upward momentum.
- He stressed the fact that for the market to go higher, more people need to go back to the sidelines.
Twitter user Andrew Kang recently took to his Twitter account to address the fact that the bullish momentum for Q1 2023 is over.
Kang mentioned that there had been two great months of upward momentum. However, he highlighted that for the market to go higher, more people need to go back to the sidelines.
He also questioned who would come off the sidelines to push things higher. Kang also mentioned that the pool got crowded and was no fun anymore. He also continued on with his optimism about ending the year in the $30,000 range.
Kang also highlighted in another tweet that between March and May, the community can mostly witness the Shanghai fear, which will be followed by a dump. He also mentioned that these months will be followed by rate cuts and bottom shorting, which can pull the price of ETH to $1400–1500.
2023 was indeed a better year for crypto in terms of price and performance. The crypto market escaped from the grip of the prolonged bear market. January and February were two of the best months, with double-digit gains for most of the digital assets.
The king of crypto, Bitcoin, rose 41.74% in the last 60 days. BTC is trading at $23,402, with a 1.53% drop in value over the last 24 hours. ETH is also up by 37.5% in the last 60 days and is trading at $1,641 at press time, with a 0.79% drop in value over the last 24 hours.