in 2018 Bitcoin (BTC) A widely followed crypto strategist who accurately predicted the bottom has made a big prediction for the leading crypto.
Koinfinans.com As we reported, the crypto trader known by the alias SmartContracter says that the best crypto asset by market cap should reach the bottom of the bear market in the next six months. told. According to the analyst, the only thing missing is months of basing followed by the accumulation phase. Grounding refers to the consolidation of an asset’s price, which usually happens just before a bull cycle. The grounding also shows that there is a balance between supply and demand with decreasing volume.
“From the structure and the peaks, I think we’re near the bottom, we’re not quite there yet, but we’re close. The only thing we’re missing right now is multi-month bassing and savings. My best guess would be another drop in about six months of savings.”
Earlier this week, the leading strategist said that Bitcoin price is poised to hit new bear market lows below the $15,000 price level.
By switching to the leading smart contract platform Ethereum (ETH), the trader predicts that the price of the leading altcoin will drop to the $1,170 level before the start of 2023. For this reason, the crypto analyst considers that the trading window is complete for those holding long positions in ETH.
“I think the range trading for longs in ETH ends here, I think it is much more likely now that we are back at the bottom of the range or at least 0.618 (fibonacci level) located at $1,170.”
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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.