Friday, September 29, 2023
HomeEthereumCrypto Analyst Who Accurately Called Massive Bitcoin Collapse Forecasts Ethereum Rally, Updates...

Crypto Analyst Who Accurately Called Massive Bitcoin Collapse Forecasts Ethereum Rally, Updates Outlook on BTC

The crypto strategist, who built his huge followers with timely Bitcoin calls, says he expects both BTC and Ethereum (ETH) rallies.

Pseudonym analysts, smart contracts, told 208,700 Twitter followers that they will see sustained Ethereum bounces after major smart contract platforms have risen above the 0.618 Fibonacci level.

“It’s a great move from ETH 0.618 and is suitable for moving to around $ 1,400. It definitely takes a bounce day to actually get a decent bounce from this level, so it’s definitely clear that volatility is down. increase.”

sauce: Smart contractor / twitter

At the time of writing Ethereum On the day of the event, it was down a little over 1% and changed hands at $ 1,134.

Looking at Bitcoin, smart contractors say BTC also showed a constructive reaction around the 0.618 Fibonacci area.

“Beautiful reaction from BTC 0.618 to the end of every day. There are benefits to planning and executing.”

sauce: Smart contractor / twitter

Bitcoin’s reaction above the 0.618 Fibonacci level is consistent with the smart contractor’s view that BTC is preparing for the rally. At the end of last month, analysts said Bitcoin traders seem to be accumulating BTC and expect a bounce of at least $ 24,000.

“Every day, BTC begins to look more and more accumulating. We plan to bid between $ 19,000 and $ 19,000, whether the highest bid is the final minimum or the medium term. But I don’t know yet, but I think it will be at least $ 24,000. “

sauce: Smart contractor / twitter

At the time of writing Bitcoin It is trading for $ 20,273.

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Featured image: Shutterstock / urzine / oneshot1

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