in 2018 bitcoin Known for accurately predicting the bottom of the (BTC) cycle, the popular crypto analyst has signaled that the worst of the bear market is over.
Smart Contracter The crypto analyst, known by the pseudonym, told his Twitter followers that although the start of the new year brings a new low, market conditions will begin to improve.
The worst of the crypto bear market is over, we may see a new low in Q1 2023, but FTXfiling for bankruptcy and hurting nearly $2 trillion in wealth, it would probably be a fair guess to assume that most of the declines in crypto are over. We hope to see better days.
The analyst stated that there is a strong price correlation between technology stocks and Bitcoin, but this relationship becomes more apparent when comparing the performance of Tesla stocks with Bitcoin.
Crypto has been associated with technology for most of the last few years but the BTC chart overlaid on the TSLA is really crazy.
As we reported as Koinfinans.com, Bitcoin is trading at $ 16,828 at the time of the news. Ethereum(ETH), Smart Contracter says that ETH tested the horizontal resistance at $1,226 but could move into a new price range between $1,260 and $1,280.
It looks like ETH is finally testing this 4-hour sideways resistance, hopefully this dreadful low volatility holiday period is finally over. I would love for the top channel test to be around $1,260-1,280.
