A generally followed crypto strategist is of the opinion that shallow corrections are the norm for Bitcoin, because BTC flashes a strong upward momentum.
Pseudonym Pentoshi tells his 864,500 followers on the social media platform X that Bitcoin looks Bullish in the midst of sustainable demand from companies and Exchange-Traded Fund (ETF) investors.
According to the trader, the steady intake to suggest That a drop under $ 100,000 at this stage would represent the gloomy scenario for BTC.
“I would only worry about BTC if we lost [$104,000] And started to close under the previous all-time high closures and range heights. In my opinion, the absolute worst case would be half $ 90,000. For now we act above. So bias must be continuation.
Even then I don’t think there is enough delivery to stay long at the rate it is swallowed up.
ETFs have those Gluck Gluck 3000 and are sucking dry, absolutely milking and the same with Saylor
The printers never really stop. ‘
At the time of writing, Bitcoin acts for $ 108,959.
According to Pentoshi, Bitcoin is on schedule to break out against gold, eventually leaves The precious metal far behind.
“At a certain point, BTC will make new highlights versus gold and never look back.
The fastest growing ETF in history tells you everything you need to know, as well as the companies that receive exposure. “
Regarding the Layer-1 protocol Solana, the analyst thinks that SOL will be more than $ 200 if it succeeds transfer The resistance of $ 180 in support.
“Sol hit $ 187 today.
Turn this area to support, and we see $ 220 in my opinion. “
Sol $ 176 is worth at the time of writing.
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Generated image: midjourney