We’re Going Down To These Bottoms! – Cryptokoin.com

Altcoin Sherpa and Cantering Clark, one of the leading analysts of the crypto money market, announced the critical levels for the price of the leading cryptocurrency Bitcoin (BTC)! Bitcoin price may see these lows! Here are the details…

Analysts predict bottom level for Bitcoin

Altcoin Sherpa, one of the leading analysts in the crypto money market, stated that the leading cryptocurrency has not yet seen the bottom levels in the data he transferred to his more than 10 thousand followers on YouTube. In his analysis session, the analyst stated that before falling to the level of 15 thousand dollars, BTC could rise to 30 thousand dollars in the coming periods of 2023.

“I think the bitcoin price will likely trade lower at $20,000, $15,000 and again at $17,000. This is my general opinion.
I believe it takes a long time for bottoms to form. As you know, it wouldn’t surprise me to see an asset rise to the level of 30 thousand, 31 thousand, 35 thousand dollars. I have no idea where BTC will stop. Then we start trading again with the BTC drop, maybe we will see a double bottom.”

The analyst also states that in line with the macro data, the leading cryptocurrency Bitcoin may fall back a little before the rally. Here are the analyst’s words:

“If the macro is improving overall and inflation is falling, the Fed may be ready for a soft landing. If we’re seeing a soft landing, I don’t think we’re going to go much further at the bottom. Maybe we can just see some lows. Afterwards, the bullish structure can be prepared. At that point we can see higher peaks, higher levels and everything will be beautiful.”

Popular analyst: “It could be a bull trap!”

Another cryptocurrency analyst, Cantering Clark, shared his comments on the popular payment coin XRP and the leading crypto BTC. In the data he conveyed to his 162 thousand Twitter followers, the analyst states that XRP may face a spectacular rise with the win of the long-running XRP – SEC case.

“The crazy thing is that if XRP wins the case it will probably rally well, but then you will have multiple altcoin cycles with much larger returns. However, the opportunity cost is high.”

As we have previously quoted as Kriptokoin.com, XRP is instantly traded at $ 0.36.

On the other hand, Analyst Clarke also stated that while BTC was experiencing a rally in 2023, XRP remained outside this rally and continued with a fixed price, “XRP basically shows a sideways movement throughout the year. Even BTC outperforms him.” in his words.

However, Cantering Clark warned BTC investors that due to the current liquidity shortage and the major bank crises in the USA, the last rally that took place was a bull trap above the $25,000 level.

“Honestly, I have no hope of feeling good for a minute as BTC rises. Treasury and SPX liquidity is not at its peak. With the big banks in crisis, this market looks like a complex machine that has lost a bolt.
Bitcoin looks like a high-volume trap of $25,000. As long as we don’t make constructive price movements and go above $25,000, I will defend this and be a short proponent.”

4 Bitcoin Analysts With Predictions: Next!

In the last week, the leading cryptocurrency Bitcoin (BTC) has gained more than 14 percent and is instantly trading at $ 24,879.

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