Top Analyst Predicts Bitcoin’s Next Move After Swift Correction

Crypto Guru Anticipates Bitcoin’s Next Bullish Move, Ethereum Poised to Follow Suit.

In an astonishing feat, the renowned crypto strategist who accurately called the end of Bitcoin’s bullish market in 2021 is now forecasting the next upward surge for the leading cryptocurrency. The enigmatic trader, known as Pentoshi, has amassed a massive following of 694,900 eager followers on Twitter, where he recently shared his insights.

Pentoshi affirms that Bitcoin’s recent pullback has already fulfilled his earlier prediction, where he anticipated a temporary dip below $30,000. Despite missing out on some ideal buying opportunities at $29,200 due to being outpaced, he managed to make a successful move at $29,800, treating it as a quick profit-taking scalp. The trader maintains that the market’s overall structure remains intact, emphasizing that nothing significant has changed thus far.

Buoyed by Bitcoin’s ability to hold support around the $30,000 mark, Pentoshi expresses an optimistic outlook, suggesting that the complex pullback signifies strong support for BTC. Examining his chart, it becomes evident that the crypto expert foresees a Bitcoin rally targeting the $32,400 level. At the time of writing, Bitcoin is trading at $30,489.

Notably, Pentoshi’s watchful eye extends beyond Bitcoin, with Ethereum capturing his attention as the potential follower of Bitcoin’s footsteps. The trader believes that it may be Ethereum’s time to shine, projecting a similar trajectory towards yearly highs. However, he cautions that the journey might be accompanied by volatility, possibly leading to moments of doubt among investors.

Analyzing his chart, the crypto analyst predicts an Ethereum rally approaching the $2,150 range. At present, Ethereum is being traded at $1,922.

As the crypto market continues to captivate investors, many will be closely monitoring Pentoshi’s predictions, eagerly awaiting the potential rally of both Bitcoin and Ethereum in the days to come.

Read Also: Survey Finds Positive Outlook Among Binance's Institutional Investors for Crypto Market in the Next Year

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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