Smart Contracter The analyst, known by his pseudonym, shared his views on the market on his 210,000-follower Twitter account. The analyst, who became famous for knowing about the great collapse of Bitcoin before, stated that he was expecting a rally for Ethereum.
The analyst, who shared his new forecasts, Ethereum He expects the price to bounce back sustainably if it stays above the 0.618 Fibonacci level.
“A nice move above the 0.618 Fib level could trigger a rise towards $1400 and perhaps higher. After the first bounce, it is possible to jump to higher levels as volatility decreases.”
At the time of writing, Ethereum was trading at $1,137, down 1.51%.
bitcoin Examining the chart closely, Smart Contracter noted that BTC had a constructive reaction around the 0.618 Fibonacci area, which is a good sign for the best crypto by market cap.
Bitcoin’s reaction above the 0.618 Fibonacci level seems in line with Smart Contracter’s view that BTC is preparing for a rally. The analyst noted late last month that Bitcoin traders appear to be accumulating BTC, expecting a jump to at least $24,000.
“It seems like more and more savings are being made in Bitcoin every day. He plans to max bid around $19,000, whether that’s a final bottom or just a mid-term bid, I’m still not sure but I think we’ll get the $24,000 minimum.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.