Altcoins

Bitcoin To Outperform Altcoins Soon, Says Analyst – Bitcoin (BTC/USD)

The crypto analyst, who first predicted Bitcoin’s BTC/USD 2018 bottom, said that since BTC surpassed the $18,000 mark and left the “slow and choppy climb-up” phase, they have ceased holding a bearish attitude and are examining the opportunity for “long” pullbacks.

What Happened: ‘Smartcontracter’ told his 218,000 followers on Twitter that Bitcoin’s current price action appears to be impulsive and they are expecting BTC’s dominance to increase as it is approaching its December high. 

The analyst is predicting that BTC may outperform altcoins in the coming months.

now that #btc broke out of this slow choppy grind up, im scrapping bearish bias and looking to long pullbacks.

Price action looks impulsive to me now and i also believe with btc on the cusp of taking out the december high btc dominance will rise and btc outperform alts. pic.twitter.com/3oOYmky5Pb

See More: Best Crypto Day Trading Strategies

The analyst had accurately predicted on Dec.19 that Bitcoin is looking to take one more bearish leg down before seeing a large counter-trend that will push the price up to $17,500.

Price Action: BTC was trading at $18,223 up 4.64%, in the last 24 hours, according to Benzinga Pro.

Read Next: FTX Says It Has Recovered Over $5B But Extent Of Customer Losses Unknown

Source link

Leave a Comment