A crypto strategist, who created a large following with Bitcoin calls at the time, announced his new comments. Analyst Smart Contracter says he expects rally for both BTC and Ethereum (ETH). Here are the details…
Analyst expects bounce for Ethereum
Smart Contracter, an anonymous analyst, gave his 208,700 Twitter followers his comments on the leading cryptocurrencies BTC and ETH. He predicts that ETH will experience a sustained bounce after it manages to stay above the 0.618 Fibonacci level. A move from the 0.618 Fib level in ETH to $1,400 is looking good. Smart Contracter uses the following expressions:
Nice move from 0.618 in ETH looks good for a bounce to $1,400. We can definitely say that volatility will decrease to get a really good bounce from this level.
Meanwhile, Ethereum is changing hands at $1,139, up 1% on a daily basis. The cryptocurrency has lost 0.3 percent in the last 7 days.
Smart Contracter optimistic for Bitcoin
Looking at Bitcoin, the largest cryptocurrency by market cap, Smart Contracter says that BTC has had a constructive response around the 0.618 Fibonacci area. He says this bodes well for the best crypto by market cap. The 0.618 Fib level on BTC is forming as a nice reaction to the daily close. The analyst uses the following statements:
Nice reaction to the daily close from 0.618 in BTC. He has a plan and is price changing to implement it.
Bitcoin’s reaction above the 0.618 Fibonacci level is in line with Smart Contracter’s view that BTC is poised for a rally. Late last month, the analyst said that Bitcoin traders seemed to be accumulating BTC. He said he expects a jump to at least $24,000. According to the analyst, BTC seems to be in the accumulation phase more and more every day. According to the analyst, there are maximum bid levels around $19,000. The analyst uses the following statements:
BTC is starting to look more like savings every day. A maximum bid in the $19,000 range is planned. This could be the final bottom, or it could just be a mid-term offer. I’m still not sure, but I think we’ll get the $24,000 minimum back.
Analyst’s previous forecasts
Smart Contracter has made a name for itself with its predictions in the past years. As Cryptokoin.com has previously reported, the analyst foresaw the $3,200 level seen in BTC in 2020. He also correctly predicted that BTC, which gained momentum towards the end of 2020, would rally. Apart from that, he correctly predicted that $23,000 would break in 2021. In Ethereum, he predicted the $ 1,600 drop seen in March of last year and knew the pullback in September 2021.
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