The world of cryptocurrencies has become an area that has been followed with great interest and excitement in recent years. In particular, leading cryptocurrencies such as Bitcoin managed to attract the attention of both investors and financial experts. A crypto strategist who correctly predicted the end of Bitcoin’s bull market in 2021 made a new claim, stating that the stage is set for the next rise of the leading cryptocurrency.
The analyst, known in the crypto market under the pseudonym Pentoshi, is also optimistic about the next rise of the leading cryptocurrency Bitcoin. guessing found. The strategist said that the recent pullback in Bitcoin price occurred as he had previously expected.
“I was hoping to fill $29,200 a bit on any pullbacks, but I did a front run on these.
We have seen a spike towards $29,800 but we will treat it as a scalp (trading very often on very short timeframes and trying to make profits that way).
Ultimately, I think the market structure is still good. Nothing has changed at this point.”
The basis of Pentoshi’s optimistic forecast is that Bitcoin is holding the support at $30,000.
complex pull back for $BTC support supporting https://t.co/8oCGXQxA3z pic.twitter.com/qhhc66pr2H
— Pentoshi 🐧 euroPeng 🇪🇺 (@Pentosh1) June 30, 2023
Looking at the chart shared by the trader, it seems that Pentoshi is predicting a rally towards Bitcoin’s $32,400 level. At press time, BTC is trading at $30,604.
The crypto analyst is also evaluating Ethereum (ETH), which he says can follow in the footsteps of Bitcoin.
“I think the next coin whose time to shine is ETH. With this type of structure, it will trend towards the highest levels of the year. But you might be shaken along the way.”
According to the chart, the trader seems to be predicting an ETH rally near $2,150. At press time, ETH is trading at $1,923.
You can follow the current price action here.