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▲ Cryptocurrency ©Go Da-sol
Only 3 out of 10 domestic cryptocurrency investors predicted that the Bitcoin (BTC) market would show strength this week (May 25-29).
According to a regular weekly survey on domestic investor market trends jointly conducted by CoinNess and Kratos, 34.1% of respondents (30.1% last week) predicted that Bitcoin would rise or surge this week. Respondents who expected a sideways trend accounted for 36.3% (37.4% last week), while those who expected a decline or sharp drop accounted for 29.6% (28.5% last week). This trend is similar to the results from the previous week.
Amid a prolonged period of stagnation with a simultaneous decrease in trading volume and interest in the cryptocurrency market, when asked about the possibility of the cryptocurrency market's revival within the year, the largest percentage, 38.5%, responded, 'Healthy correction phase, rebound possible within the year.' Furthermore, 29.7% predicted, 'Beyond revival, new all-time highs are also possible.' A total of 68.2% of respondents anticipated a revival of the cryptocurrency market this year. However, 17.7% of respondents stated, 'The cryptocurrency market is over, and there will be no rebound,' and the remaining 14.1% offered a pessimistic outlook, saying, 'I have already left the market, so I have no expectations.'
This survey involved 2,000 respondents and was conducted from May 18-21. The margin of error is ±3.0%, and the confidence level is 95%. The survey institution is Pharos Labs.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*
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