A popular crypto strategist says the current Shiba Inu (SHIB) pullback could be a positive signal for the rest of the crypto markets. cryptocoin.com We turn to the reasons for this.
Why is the SHIB fix positive?
In the latest issue of TechnicalRoundup, crypto trader DonAlt says that a permanent fix in Shiba Inu will prompt individual investors to look into crypto assets with solid fundamentals. Analyst: “You want to see Shiba Inu, DOGE bleed out, because then you will see the focus of individual investors shift from memes to real projects. “This is probably good news for us, for people in the ecosystem,” he says.
Looking at Bitcoin (BTC), DonAlt thinks what is the most likely scenario for BTC in the coming months? The analyst says: “I think we have a chance to take a false exit, go sideways and start breaking down again, as with a break above $67,000. If altcoins do well in this period (side consolidation)… I think this kind of path is most likely. So (Bitcoin goes) it rises to $70,000 to $80,000. A little sideways and then down as altcoins explode.”
As for Ethereum, the crypto strategist says it’s only a matter of time before the leading smart contract platform initiates a rally similar to what it did when it surged from $1,500 in February to $4,300 in May earlier this year. Analyst: “I think we need a steep increase. [Mayıs 2021 geri çekilmesi] “I think it will be the same as here,” he says. According to DonAlt’s chart, Ethereum could climb as high as $6,600 before a significant correction. DonAlt, who keeps Bitcoin predictions, knew $ 6,100 on March 28. He accurately predicted Bitcoin’s 44% rally at the beginning of January and successfully pinpointed the peak on February 12, when BTC rallied above $10,300.
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