The crypto analyst who called for the end of the crypto bull market is now predicting big bounces for Bitcoin (BTC) and Ethereum (ETH) competitor Solana (SOL).
Bentoshi, the famous crypto strategist, tells his 612k Twitter followers that after nearly a year it is no longer very bearish on Bitcoin.
“It’s hard to change your bias after being doomed for 10 months, but I think it could happen in the next couple of months. I’m also a person with a strong time bias. So, the focus is more on longer time frames. I have reasons for that.”
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According to Pentoshi, the diagonal resistance in Bitcoin that has kept BTC in a downtrend since November last year is Approaching end of its life, and now expects a dash towards $26,721.
At the time of writing, Bitcoin is changing hands at $1,054. A move to Pentoshi’s target indicates the potential for a rally of more than 40% for the major cryptocurrencies.
As for the Solana (SOL) smart contract platform, Pentoshi sees the Ethereum competitor rising along with Bitcoin.
Today’s job $32.26. Looking for a ride up to $37. Daily lower local levels will be reduced.
No FOMC, no results before November. The Fed’s final interest rates are at 4.6% (pricing max after moving from 0 to 4.6%). I think we can hang out. All markets have high support, first test of June lows, so 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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