Over the last 24 hours, the market has been slightly optimistic. Bitcoin has increased by 1.69 percent, while Ethereum has increased by 0.54 percent. The majority of the leading cryptocurrencies have witnessed a minor gain as well.
A well-known crypto strategist has predicted what the future holds for Bitcoin (BTC), Ethereum (ETH), and Solana, two smart contract platforms (SOL).
While crypto expert Pentoshi is bearish on BTC, he expects it to recover before continuing its corrective trend, according to his Twitter followers.
“BTC. Bias is still this for the lower high before new lows.”
Bitcoin is expected to rise close to resistance at $46,000 before printing a bearish lower high structure, according to the analyst. Pentoshi, on the other hand, believes that the rally has the ability to push Bitcoin past $50,000.
He believes $53,000 is the most it can go for right now. But first, it must work its way through the supply chain (about $46,000).
The trader is similarly pessimistic about Ethereum, predicting that the dominant smart contract platform’s next bounce will be short-lived.
He believes this is for the red box, and once it arrives, I will offload the rest of my BTC. With the current market structure, a lower high and supply to come in is a logical area. also concentrates on high-resolution charts like these and trade low-resolution charts discreetly.
Pentoshi’s chart suggests an ETH gain to $3,500 before a sharp corrective move to $2,000, according to the analyst.
The last coin on the trader’s list is Solana, which, according to Pentoshi, is in danger of sparking a sell-off if it fails to retain support at $130.