Crypto traders who pinpointed Bitcoin’s (BTC) bottom in 2018 expect the flagship crypto asset to fall soon.
Pseudonym analyst smart contract To tell His 220,800 Twitter followers say Bitcoin could fall to lower highs as the momentum wanes.
“Momentum waning and circulation is probably underway in BTC, and we expect it to slowly taper off to $24,000 and eventually drop below another high.
touch some grass Don’t fall into the trap of craving hourly reversing candles in anticipation of big moves. “
Based on charts shown by crypto analysts, it is believed that Bitcoin could fall just above $20,000 after completing a three-wave correction pattern that began late last month.
According to Elliott Wave theory, the main trends in asset prices move in 5-wave patterns, and corrections occur in 3-wave patterns.
Bitcoin is worth $23,783 at the time of writing.
smart contract too express Bearish sentiment on decentralized artificial intelligence ecosystem Fetch.ai (FET).
“FET looks complete here and is one of the strongest altcoins that has risen more than 10x from its lows in the last 3 months. “
Based on charts presented by a pseudonymous crypto analyst, Fetch.ai could retreat nearly 50% from current levels in a three-wave correction pattern that began in February.
Fetch.ai is trading at $0.476 at the time of writing.
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