Top Analyst Predicts BTC Journey For Next Few Months
A well-known crypto strategist thinks that Bitcoin (BTC) will probably go up a lot in the middle term.
Altcoin Sherpa, a fake analyst, tells his 192,400 Twitter followers that Bitcoin is about to go up in a big way. But first, he says, the price of the king of cryptocurrencies will go down.
“BTC: my area of interest is $21,500. Right near the 200-day EMA [exponential moving average] and getting more in the HVN [high volume node] area. Price can still retrace 15% in these conditions and still move higher overall. I still believe we’re going to $30,000 eventually in the midterm.”
HVNs are price areas where a lot of trading took place, which suggests that the price has been stable for a while. These areas can act as either support or resistance.
If Bitcoin follows Altcoin Sherpa’s plan, the price of the king cryptocurrency could drop to $21,500 before recovering and rising to $30,000. This would mean that BTC could go up by nearly 40%.
At the time this was written, the price of Bitcoin was $23,082.
Another analyst, meanwhile, says that many traders are getting ripped off in the crypto markets right now.
Altcoin Psycho, a trader, tells his 491,200 followers that it was easy to make money in January when the crypto market went up, but it’s hard to tell what will happen in February.
“After almost a full month, BTC is still at the same level as the February. Monthly Open. Late bears and bulls alike have been punished by chop.”
Comments
Post a Comment