Smart Contracter, who correctly predicted that the Bitcoin price will fall below $ 23,000, shared his new prediction. The analyst stated that traders are preparing to re-enter the market.
The analyst announced that he switched to stablecoins last week, as there was a risk of the Bitcoin price falling below $22,000. According to the analyst, BTC fell from the recently recorded high of $ 24,200 to $ 22,700. That means enough regression. The analyst’s next target is above the $25,000 level.
“BTC, the trend towards the fifth wave continues, now that means above $25,000. This could be the higher end push on a daily basis before going deeper into the next few months. I think you should make the most of it.”
Smart ContracterHe is known for his use of Elliot’s wave theory. This theory is based on the idea that traders’ psychology often plays in predictable highs and lows on charts.
I’m Saving Bitcoin and Ethereum!
“Interestingly Ethereum It pulled back from highs in only 3 waves and found support near 0.618,” commenting that ETH has accumulated.
“So ETH may be preparing for another leg. Not only that, I think ETH/BTC still looks bearish, which means maybe BTC has bottomed out here too and is outperforming. I’m slowly taking risks again.”
Finally, the trader dogecoin.
