Top analyst claims Bitcoin and Ethereum will surge following last week’s downfall

The price fluctuation in cryptocurrency market shocks its community every once in a while, especially when Bitcoin drops. Following last week’s downtrend, the crypto market incurred a loss of $8 billion within a week. Though Bitcoin BTC/USD fell steeply from its mark of $11,000 to $10, 250. Ethereum that was trading above $400 ended up at $320.

Such devastation in the crypto market also signals to buy low, Buying Bitcoin can turn out to be a good investment opportunity as it seems to be forming a new bullish run.

After the sudden downfall, cryptocurrency analyst Nicholas Merten said:

The majority of traders started being skeptical about the cryptocurrencies and Bitcoin after a deep price rejection. Merten reminding his companions said the cryptocurrency market is known for its unpredictable nature:

Bitcoin’s outlook remains strong amid the recent pullback

Highlighting the fact that Bitcoin’s long-term outlook seems intense, Merten added:

Even though, the cryptocurrency market has noticed a massive downtrend. Merten suggests his fellow traders not create redundant panic around the cryptocurrency market.