The crypto strategist who has reached the end of the Bitcoin (BTC) bull market in 2021 says the way seems to be cleared for the crypto king’s next leg.
Pseudonymous trader Pentoshi tells are 694,900 Twitter followers that Bitcoin’s latest pullback is already satisfied his previously predicted retracement that Bitcoin could be short dive under $30,000.
“I was hoping for some fills for $29,200 on each pullback, but got ahead of that.
We got one up at $29,800, but will treat that one like a scalp.
In the end, I think the market structure is still fine. Nothing has changed at the moment.”
According to Pentoshi, Bitcoin still looks bullish after a support of around USD 30,000.
“Complex BTC support pullback.”
Looking at the trader’s chart, it seems that Pentoshi is predicting a Bitcoin rally towards the $32,400 level. At the time of writing, BTC is trading at USD 30,489.
The crypto analyst is also keeping an eye on Ethereum (ETH), which he says will follow in Bitcoin’s footsteps next.
“ETH time to shine in my opinion.
Also heading towards the yearly highs with this type of structure.
But you might get shaken out along the way.”
Based on the chart, the trader seems to be predicting an ETH rally near USD 2,150. At the time of writing, ETH is trading at $1,922.
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