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The post What’s Next For BTC, ETH and SOL Price ? Traders Watch These Levels! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Over the last 24 hours, the market has been slightly optimistic. Bitcoin has increased by 1.69 percent, while Ethereum has increased by 0.54 percent. The majority of the leading cryptocurrencies have witnessed a minor gain as well.

A well-known crypto strategist has predicted what the future holds for Bitcoin (BTC), Ethereum (ETH), and Solana, two smart contract platforms (SOL).

While crypto expert Pentoshi is bearish on BTC, he expects it to recover before continuing its corrective trend, according to his Twitter followers.

Bitcoin (BTC)

“BTC. Bias is still this for the lower high before new lows.”

Bitcoin is expected to rise close to resistance at $46,000 before printing a bearish lower high structure, according to the analyst. Pentoshi, on the other hand, believes that the rally has the ability to push Bitcoin past $50,000.

He believes $53,000 is the most it can go for right now. But first, it must work its way through the supply chain (about $46,000).

Ethereum (ETH)

The trader is similarly pessimistic about Ethereum, predicting that the dominant smart contract platform’s next bounce will be short-lived.

He believes this is for the red box, and once it arrives, I will offload the rest of my BTC. With the current market structure, a lower high and supply to come in is a logical area. also concentrates on high-resolution charts like these and trade low-resolution charts discreetly.

Pentoshi’s chart suggests an ETH gain to $3,500 before a sharp corrective move to $2,000, according to the analyst.

Solana (SOL)

The last coin on the trader’s list is Solana, which, according to Pentoshi, is in danger of sparking a sell-off if it fails to retain support at $130.

One thought on “What’s Next For BTC, ETH and SOL Price ? Traders Watch These Levels!

  1. A few weeks ago 3AC has collapsed and filed for a Chapter 11 bankruptcy. Some reasons have been the LUNA-UST collapse but also a very bad business model of the exchange where the crypto hedge fund basically just borrowed money from many other companies without every repaying that and now even those companies are going bankrupt.

    So what did they do with that borrowed money, obviously they used it to improve their project and safety for their customers. Well from the $72M borrowed from Celsius, $50M directly went to the founder Su Zhu and he bought a yacht with that money.

    I mean apperantly the project was always supposed to be a total scam and their team never took it serious. Sadly there are still such projects out there so be careful what you trust in.

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  • bitcoinBitcoin (BTC) $ 19,475.02
  • ethereumEthereum (ETH) $ 1,329.51
  • tetherTether (USDT) $ 1.00
  • usd-coinUSD Coin (USDC) $ 1.00
  • bnbBNB (BNB) $ 282.54
  • xrpXRP (XRP) $ 0.484222
  • binance-usdBinance USD (BUSD) $ 1.00
  • cardanoCardano (ADA) $ 0.436466
  • solanaSolana (SOL) $ 33.86
  • dogecoinDogecoin (DOGE) $ 0.060512