Cryptocurrency Predictions Of These 5 Analysts Held In February! – Cryptokoin.com

Predicting the cryptocurrency market is notoriously difficult due to its high volatility, lack of correlation with other established assets, and many external factors that can affect it. But these five analysts have managed to do this perfectly, posting accurate forecasts for Bitcoin, Ethereum, and Aptos on Twitter. Crypto analyst Valdrin Tahiri takes a look at technical levels for BTC, ETH, and APT, along with analysts’ forecasts.

Leading cryptocurrency Bitcoin hit a local high earlier in the month

Three analysts have successfully predicted that the Bitcoin price will reach a local high in February. Two of them, TheTradingHubb and AltreetBet, used Elliott Wave theory to draw conclusions, while IncomeSharks used only levels and divergences.

Bitcoin price is currently trading at a convergence point between key resistance and support. The horizontal area at $23,900 provides the main resistance, while the ascending support line is pulling the price up. Whether the BTC price breaks above the first or below the second can determine the future trend. A breakout would likely take the price towards $28,000, while a breakdown could result in a drop to the 0.382 Fib retracement level from the $21,540 low.

BTC daily chart / Source: TradingView

ETH price briefly climbed above $1,700

The analyst who correctly predicted Ethereum price action was Pentoshi. cryptocoin.comAs you follow, the analyst stated that the price will rise above $1,750 before falling to $1,600. ETH is the native token of the Ethereum Blockchain created by Vitalik Buterin. It is also the second largest cryptocurrency by market cap.

This is exactly what happened in ETH price as the divergence fell to $1,557 on February 25. However, ETH price recovered later and is now struggling to climb above the $1,690 resistance area. If successful, this could lead to an increase towards $2,000. However, a rejection from this area could result in a drop to $1,490. As the RSI has broken out of the downtrend trendline (green line), the probability of a breakout is slightly higher.

Cryptocurrency
ETH daily chart / Source: TradingView

Aptos is no longer the biggest winner in the cryptocurrency market

Finally, LomahCrypto was successful in predicting the Aptos price drop. Close to $20, he said, patiently waiting for a pullback to $13 and possibly even $9. APT price fell throughout February after a descending resistance line in the process. On February 16, both the line and the $16.50 resistance area caused rejections and accelerated the continued downside move. The price is still trading below this resistance line and it broke the $13.75 resistance area.

Because of this breakout, a drop towards the $9.70 horizontal support area is the most likely move, as noted by Lomah. However, a break from the line and a recovery of the $13.75 area invalidate this bearish hypothesis and could lead to a retest of the $16.50 resistance area.

Cryptocurrency
APT daily chart / Source: TradingView

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