A widely followed crypto strategist and trader shares his prospects for Ethereum (ETH), Solana (SOL), and Cardano (ADA); It issues a warning that Bitcoin (BTC) bulls are in trouble if they accept their last line of defense. As Kriptokoin.com, we are giving the details…
Pentoshi conveys Bitcoin expectations
Pentoshi tells his 518,400 Twitter followers that the bulls should defend the support at $39,000 so that there is no further sale in BTC. “Despite all the bullish propaganda, the price still does not exceed certain levels. The bulls are on life support here,” he said. At the time of writing, Bitcoin is trading at $38,530, down 5%. As Bitcoin is still trading above Pentoshi’s key level, the crypto analyst predicts that BTC will start a relief rally to $42,000 before continuing its downtrend, using the following statements:
Macro considerations aside and looking at shorter timeframes , BTC will likely provide some relief before it starts falling again. I think the bears will accept a test of support before the bulls try to move forward again to their final defense.
Analyst also shared altcoin predictions
The crypto strategist, who also looks at Ethereum, said that the leading smart contract platform is in a bearish trend and if it breaks the support at $2,200, it will likely be $2,000. believes it will trade below the dollar. He thinks it’s a locally strong level here as lows ($2,200) are maintained in ETH but still lower overall. He says the trend is down, with most altcoins likely to rise if these lows are broken.
The next altcoin to which the analyst drew attention was Ethereum competitor Solana (SOL). According to Pentoshi, the bulls must maintain SOL above $80. Otherwise, it predicts a correction to $50. Pentoshi thinks Solana is in “do or die” mode.
The analyst finally conveys his thoughts on the ADA token of the popular smart contract platform Cardano. Pentoshi said that ADA is in danger of a 60 percent devaluation if it gains support at $1.00.
11267
