The crypto analyst who called the end of the crypto bull market is now predicting a big rebound for challengers Bitcoin (BTC) and Ethereum (ETH) Solana (SOL).
Popular crypto strategist Pentoshi has told his 612,000 Twitter followers that he is no longer very bearish on Bitcoin after nearly a year.
“It’s hard to change your bias after 10 months of Dumar, but I think it could play out in the next two months. I am a person with a strong time bias. So more focused on long term. I have reasons for this.
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According to Pentoshi, Bitcoin’s sideways resistance is what has kept BTC on the downside since November of last year. nearby Its end of life, and it is now expecting a breakout rally towards $26,721.
At the time of writing, Bitcoin is changing hands for $19,054. A move to the Pentoshi target suggests upside potential of more than 40% for the major cryptocurrency.
Smart contract platform Solana (SOL), Pentoshi sees Bitcoin rally alongside competitor Ethereum.
“Today filled $32.26. Looking for a ride up to $37. Will cut below local lows daily.
No FOMC (Federal Open Market Committee), or results before November. The Fed terminal rate is 4.6% (peak pricing after going from 0 to 4.6%). I think we can hang out. Markets are at higher support, testing June lows, so it’s now or never.
At the time of writing, Solana is trading at $33.56, down 1.50% in the last 24 hours.
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