According to BlockBeats, Ari Paul, the founder and Chief Information Officer of digital asset investment firm BlockTower, shared insights on social media on November 9 regarding the current state of the cryptocurrency market. Paul indicated that the market is in the early stages of the latter part of an overall bull market, estimating progress at approximately 66% to 70%. He noted that recent buyers are preparing for a price increase over the next 6 to 12 months, with institutional investors playing a more significant role than retail speculators.
Paul anticipates a gradual rebound in the market during this phase, with Bitcoin potentially reaching values of $90,000 or even $125,000. He expects retail participation to increase gradually, which will lead to rising leverage and volatility. In his view, purchasing suitable assets and holding them for the coming months could be the most prudent strategy. As the bull market progresses, more aggressive trading strategies are likely to yield rewards.
