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- Renowned crypto trader MFHoz has warned investors about the recent shift in sentiment among several well-known skeptics and bears.
- “The shift in sentiment is a significant indicator of the bull market’s demise,” says MFHoz.
- MFHoz believes that history has shown that bull markets tend to falter when even the most skeptical investors start to turn bullish.
Renowned crypto trader MFHoz has issued a warning to investors in his market forecast, stating that the recent shift in sentiment among several well-known skeptics and bears in the market may be a significant indicator that the current bull market is coming to an end.
Several well-known sceptics and bears who had held a bearish stance since 2009 have recently turned bullish, boldly predicting new all-time highs in the market. This shift in sentiment is a significant indicator of the bull market's demise, as history has shown that bull markets…— HOZ (@MFHoz) April 4, 2023
In a recent tweet, MFHoz noted that several well-known skeptics and bears who were once-bearish investors have recently turned bullish and are now boldly predicting new all-time highs in the crypto market. According to MFHoz, this shift may be a cause for concern, stating,
This shift [bear to bull] in sentiment is a significant indicator of the bull market’s demise.
MFHoz believes that history has shown that bull markets often come to an end when even the most skeptical investors start to turn bullish. “The market has a tendency to lure in as many people as possible before taking a plunge downwards,” MFHoz added.
The crypto analyst did not specify any names of “well-known skeptics and bears” who have been bearish since 2009. However, his warning suggests that investors should be cautious about becoming too optimistic about the current bull run in the crypto market.
A day before his market forecast, MFHoz stirred up some debate about the future of the market. He said, “The best part of the bear market is about to start,” and, “The market will soon show [them] how cruel nature is.” His tweets have sparked discussion among crypto enthusiasts about whether or not the market is truly headed for a bear phase and how investors should approach this potential shift.
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