Closely followed crypto strategist Pentoshi explained that he expects Bitcoin (BTC) to continue rising with little or no pullback.
The analyst, known by the alias Pentoshi, shared on Twitter as traders stuck between them rush to catch BTC’s move. bitcoin priceHe said that he thinks that it can rise up to $ 46,000 in the short term.
“If this is the start of a new trend, then the dips will appear relatively less and will be weak (FOMO, fear of missing out + raised bids) large limit orders at lower levels are unlikely to be filled or partially filled.
Probably $44,000 or $46,000 is enough to enter. Of course, how the market moves will also be important.”
Pentoshi last week Bitcoin (BTC)After expecting a drop in BTC over the past few months as it bounced off the support around $33,000, he had the thought that he would experience a bullish rally.
While Pentoshi is optimistic about Bitcoin, he predicts that most altcoins will likely underperform.
“This is how I see things. As long as BTC holds $39,000 (as previously stated), then the annual deficit is $46,000. I think 80% of altcoins will lag behind, 20% will lead.”
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