A popular crypto analyst and trader, EthereumWhile pointing out that may lead to an altcoin season, bitcoinHe also says that it can consolidate for a while.
Inmoral Despite the recent correction from Bitcoin (BTC) all-time high (ATH) at $67,276.79 in his new analysis shared with his over 90,000 Twitter followers, the cryptocurrency analyst and trader, known by the alias, is still holding on for the downside cryptocurrency to buy enough. He pointed out that he did not create a purchase request.
As altcoins continue to rise in price, Bitcoin (BTC) may consolidate at its current levels.
“BTC/USD. The price is below the old demand zone and is currently testing the weekly open as resistance. If we go further down we might see the next area of interest at $58,000, which might be a good area for long-term investors, we don’t know, depends on the reaction.
So why am I not making an aggressive purchase at these low prices? Because I think BTC might consolidate at these levels (below ATH) for a while, then there’s an altcoin run looking at it now and weeks later BTC may only go one step higher. These are of course only my thoughts.
In any case, if BTC is accepted above $62,000 (weekly open and old demand), I think we could see a move up to $67,000.”
Inmoral In his previous posts, he predicted that Ethereum (ETH) would rise from a channel that rose to $ 6,300 by November.
According to the analyst, a rally in Ethereum will also encourage other altcoins.
“BTC consolidates around $60,000 for a few weeks, then ETH takes altcoins to heaven.”
Inmortal, the currently decentralized oracle network chainlink‘NS (LINKHe also stated that he took it on his radar. According to the analyst, LINK is very close to experiencing a 66% rally in the near future.
“$50, it’s just a matter of time. LINK.”
Inmortal also aims to be an “internet of blockchains”. cosmos (ATOM) is also optimistic, according to the analyst, ATOM may catch a rise. According to Inmortal, ATOM may take another step before it hits over $40 next month.
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.