Bitcoin: A crypto strategist, who created a large following with Bitcoin calls at the time, announced his new comments. Analyst Smart Contracter says he expects rally for both BTC and Ethereum (ETH). Here are the details…
- 1 Analyst expects bounce for Ethereum
- 2 Smart Contracter optimistic for Bitcoin
- 3 Analyst’s previous forecasts
- 4 Share this:
Analyst expects bounce for Ethereum
Smart Contracter, an anonymous analyst, gave his 208,700 Twitter followers his comments on the leading cryptocurrencies BTC and ETH. He predicts that ETH will experience a sustained bounce after it manages to stay above the 0.618 Fibonacci level. A move from the 0.618 Fib level in ETH to $1,400 is looking good. Smart Contracter uses the following expressions:
Nice move from 0.618 in ETH looks good for a bounce to $1,400. We can definitely say that volatility will decrease to get a really good bounce from this level.
Meanwhile, Ethereum is changing hands at $1,139, up 1% on a daily basis. The cryptocurrency has lost 0.3 percent in the last 7 days.
Smart Contracter optimistic for Bitcoin
Looking at Bitcoin, the largest cryptocurrency by market cap, Smart Contracter says that BTC has had a constructive response around the 0.618 Fibonacci area. He says this bodes well for the best crypto by market cap. The 0.618 Fib level on BTC is forming as a nice reaction to the daily close. The analyst uses the following statements:
Nice reaction to the daily close from 0.618 in BTC. He has a plan and is price changing to implement it.
Bitcoin’s reaction above the 0.618 Fibonacci level is in line with Smart Contracter’s view that BTC is poised for a rally. Late last month, the analyst said that Bitcoin traders seemed to be accumulating BTC. He said he expects a jump to at least $24,000. According to the analyst, BTC seems to be in the accumulation phase more and more every day. According to the analyst, there are maximum bid levels around $19,000. The analyst uses the following statements:
BTC is starting to look more like savings every day. A maximum bid in the $19,000 range is planned. This could be the final bottom, or it could just be a mid-term offer. I’m still not sure, but I think we’ll get the $24,000 minimum back.
Analyst’s previous forecasts
Smart Contracter has made a name for itself with its predictions in the past years. AmkNews.com As we have previously reported, the analyst foresaw the $3,200 level seen in 2020 in BTC. He also correctly predicted that BTC, which gained momentum towards the end of 2020, would rally. Apart from that, he correctly predicted that $23,000 would break in 2021. In Ethereum, he predicted the $ 1,600 drop seen in March of last year and knew the pullback in September 2021.
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