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<p><strong>The ongoing crypto bear market has tested the patience of many investors, with bitcoin down over 70% from its all-time high and altcoins bleeding out even more. But <a href="https://x.com/milesdeutscher/status/1712295081338925557?s=20" target="_blank" rel="nofollow">according</a> to crypto analyst Miles Deutscher, this challenging environment actually presents opportunities for those with conviction and a long-term view.</strong></p> 
<p>In a tweet today, Deutscher asserted that the current conditions are typical of this stage in the bitcoin cycle. <em>“We’re in the most difficult market phase, where capitulation really starts to set in,” </em>he wrote. <em>“Sustained bleeding impacts investor confidence more than a swift decline.”</em></p> 
<p>With bitcoin dominance rising as altcoins get “smashed” and liquidity drying up, most retail investors have disappeared. Deutscher acknowledged that it’s the worst time to opt out. “We’re entering a pivotal accumulation phase, where every dollar needs to be allocated wisely,” he said.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-1024x699.png" alt="" class="wp-image-354319" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/10/BTC-CHART-788x537.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<p>The analyst advised taking a “top-down approach” starting with Bitcoin and Ethereum before moving down the risk spectrum. <em>“Now isn’t the time to ape blindly into low-quality assets,”</em> he cautioned. <em>“If you take one thing from this post, remember this: ‘When trying to make money, act slowly. When trying to preserve money, act quickly.'”</em></p> 
<p>Deutscher recommended being selective and patient in building positions for the next bull run. <em>“Many of next cycle’s top performers likely aren’t even released yet,”</em> he noted. While it’s tempting to try to catch the bottom, he advised against exhausting liquidity too early.</p> 
<p>With bitcoin currently trading around $26,800, down 3% this week, the crypto winter drags on. But Deutscher remains upbeat about future opportunities. <em>“The next 6 months will separate the sheep from the goats,” </em>he tweeted. <em>“You can either choose to succumb to the market, or persevere and reap the rewards on the other side.”</em></p> 
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<p>The post <a rel="nofollow" href="https://captainaltcoin.com/miles-deutscher-comments-on-bitcoin-outlook-the-next-6-months-will-separate-the-sheep-from-the-goats/">Miles Deutscher Comments on Bitcoin Outlook – “The Next 6 Months Will Separate the Sheep from the Goats”</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Miles Deutscher Comments on Bitcoin Outlook – “The Next 6 Months Will Separate the Sheep from the Goats”

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