Categories: Market

KOL Smart Contracter predicts strong profits for Bitcoin and outlines potential buying zone for Ethereum

A prominent analyst says Bitcoin is on the verge of a rebound and outlines a possible low point for Ethereum.

The person known in the industry as a smart contracter told his 193,300 Twitter followers that Bitcoin was showing signs that the correction was coming to an end.

“Bitcoin is not showing any signs of reversal yet, but it has only shown signs of an ultimate sell-off. Hence, I think BTC will soon rise sharply towards USD 63,000. In the best case scenario, BTC could achieve a new ATH. ”

The source: Smart Contracter / Twitter

Smart Contracter uses the Elliott Wave, an indicator that predicts future price movements by closely tracking the sentiments of market participants during each wave. According to the analyst’s chart, Bitcoin has completed a five-wave correction and is now ready to trigger a big upward move.

Turning to Ethereum, smart contracter said it expects the second largest cryptocurrency by market capitalization to correct itself further in the next few days.

“I’m a little worried about ETH here, at least in the medium term. [Một] the argument can be made that ETH just brought ABC to the 0.618 Fib level after building a bearish impulse above it [biểu đồ] 4 hours. [Tôi] I sold a few here and will consider buying between $ 3,600 and $ 3,800 more. [Tôi] may be wrong, but it is better to swallow saliva than to swallow tears. ”

The source: Smart Contracter / Twitter

Analyst Credible also believes Ethereum will fall again.

“From my point of view, the ground is very close. Could break the local low of $ 3,800 and eventually recover … $ ETH. ”

The source: Credible / Twitter

You can see the BTC and ETH price Here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.