Crypto Strategist Charts “Highest” Probability Moves for Bitcoin (BTC) and Ethereum (ETH) in the Coming Weeks
A popular crypto analyst is outlining what he thinks are the “highest” probability moves for the top two crypto assets by market cap.
The crypto strategist known as Pentoshi tells his 557,700 Twitter followers that he believes Bitcoin (BTC) will continue to rally towards its immediate resistance at $35,000 in the short-term.
“Personally, I think this is the way to go for BTC when things go well. $33k to $35k up then back to the lows.
Than what I currently see as the highest probability.”
Source: Pentoshi/Twitter
At the time of writing, Bitcoin is trading at $31,844. A move to Pentoshi’s target means nearly 10% upside potential for BTC.
Next is leading smart contract platform Ethereum (ETH), which seems poised for a rally above $2,000, according to Pentoshi.
“Regarding ETH, [I] been talking about these same lows since December. Yes, since December.
Up and then down to clear these (eventually below $1700 IMO) after making a lower high.”
At the time of writing, Ethereum is changing hands at $1,950, 15% below the crypto analyst’s target of $2,250.
While Pentoshi expects rallies for both BTC and ETH, he stresses that these rallies will likely be short-lived.
“Now that we are witnessing the bear market rallies discussed, it is important to remember them for what they are at the end of the day. Trojan horses designed to extract value from participants. I think that’s the attitude you approach them with.”
According to Pentoshi, the rallies are likely to entice retailers to jump in at higher prices before BTC and ETH revisit their respective lows.
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