What’s next for Bitcoin and Ethereum after the last rise?
We're almost there?
An analyst and trader have outlined what comes next for Bitcoin and Ethereum as the two largest crypto assets continue to rise.
Crypto strategist Pentoshi told his 530,400 followers on Twitter that he expects Bitcoin to maintain its growth until BTC reaches $ 46,000.
He added that he plans to re-evaluate and see how Bitcoin reacts once it reaches this short-term goal.
“We are still waiting to see how the price is traded around the annual opening. The previous time I approached it, we didn’t reach it, but we were very close. Although this time it looks better for BTC. We’re almost there. “
At the time of writing, the largest cryptocurrency is trading at around $ 47,000. About 12 hours ago, the analyst noted that his goal had been reached. Now he expects this resistance to be confirmed as support and to see a move to $ 50,000 with the potential to jump to $ 53,000.
As for Ethereum, Pentoshi said the bulls need to push ETH over $ 3,200 to pave the way for its next target of about $ 3,600.
“I definitely find a little resistance right here with the first magnet. But it looks pretty good. I don’t want to see him close to $ 2,975 when he retires. “
At the time of publication, Etherium was trading at about $ 3,300. It seems the analyst expects to see confirmation of support at $ 3,200 and a boost to around $ 3,600.