A widely followed crypto strategist and trader shared his prospects for Ethereum (ETH), Solana (SOL), and Cardano (ADA); It issues a warning that Bitcoin (BTC) bulls are in trouble if they accept their last line of defense. cryptocoin.com We are giving the details as…
Pentoshi cites Bitcoin expectations
Pentoshi tells his 518,400 Twitter followers that the bulls need to defend the support at $39,000 to avoid another sell-off in BTC. “Despite all the bullish propaganda, the price still does not exceed certain levels. The bulls are on life support here,” he said. At the time of writing, Bitcoin is trading at $38,530, down 5%. As Bitcoin is still trading above Pentoshi’s key level, the crypto analyst predicts that BTC will start a relief rally to $42,000 before continuing the downtrend.
Putting aside macro considerations and looking at shorter timeframes, BTC will likely provide some relief before it starts to drop again. I think the bears will accept a test of support before the bulls try to move forward again to their final defense.
The analyst also shared his altcoin predictions
The crypto strategist, who also looks at Ethereum, believes the leading smart contract platform is bearish and will likely trade below $2,000 if it breaks the $2,200 support. He thinks it’s a locally strong level here as lows ($2,200) are maintained in ETH but still lower overall. He says the trend is down, with most altcoins likely to rise if these lows are broken.
The next altcoin to which the analyst pointed out was Ethereum rival Solana (SOL). According to Pentoshi, the bulls must maintain SOL above $80. Otherwise, it predicts a correction to $50. Pentoshi thinks Solana is in “do or die” mode.
Finally, the analyst conveys his thoughts on the ADA token of the popular smart contract platform Cardano. Pentoshi said that ADA is in danger of a 60 percent devaluation if it gains support at $1.00.
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