A crypto strategist known for exactly calling 2021 digital asset cycle top believes bitcoin (BTC) and Altcoins are prepared to bounce higher this week.
Analyst pseudonymously known as pentoshi tells His 855,900 followers on the social media platform X as the other weekly diagram, which tracks the total market for crypto, excluding the 10 largest digital assets and Stablecoins, blinks Hausse.
“Like (last week’s light) … (this) week higher for your favorite Cryptocurrency coins in my opinion.”
The believe in That the other chart may soon have a series of rally and reverse the resistance level of $ 281 billion on this week’s chart.
“These are likely to be the most crucial places when it comes to trends, items and exits for the foreseeable future. $ 250 billion is where we took a long time and are very close to an HTF (high time frame) annulment level which makes it cheap if it is wrong. $ 281 billion is our local resistance, but we want to see it to $ 320 billion.
Again, we could chop here. $ 320 billion is a large partial starting point and if it turns it can come in etc. Which also makes it cheap if it is wrong, since you do not have to pay much for confirmation of further up at that point. “
The others deal with $ 271.46 billion in writing.
Looking at bitcoin, pentoshi says The BTC looks strong despite an attack by Baisse -Tarted news.
“It’s crazy. Everything that has taken place in recent months, and so BTC looks. “
At the time of writing, Bitcoin is traded for $ 96 228.
Earlier this month, pentoshi assumed That the crypto market ceiling can suffer a valuation of $ 4.42 trillion as soon as the first quarter this year.
“Probably this quarter.”
At the time of writing, crypto amounts to $ 3,134 trillion.
