Crypto Strategist Says One Ethereum Rival Is Preparing for Liftoff, With Bitcoin (BTC) Bottom Likely In

A high-profile crypto analyst predicts a surge in challengers for popular Ethereum (ETH), while Bitcoin (BTC) may have already hit cycle lows. said.

Pseudonym Analyst Cantering Clark To tell His 142,300 Twitter followers say smart contract platform Solana (SOL) is gearing up for a move that could trigger a significant uptick from its current price.

“Look at the chart. SOL seems to be flying solidified and compressed against resistance… this every day [chart] It looks good and I didn’t see as much mean reversion as I expected. Sol. “

Looking at analyst charts, Solana’s next major resistance seems to be around $75. At the time of writing, SOL is trading hands at $46.98, according to Cantering Clark, indicating that Ethereum competitors could rise nearly 60%.

As for Bitcoin, traders see BTC revisiting the 2017 bull market high of around $20,000 and holding it as support on the weekly timeframe could be a good bottom signal. I think.

Guys, is it possible that Bitcoin really was this simple?

Everyone talks about drawdowns that should match previous drawdowns, ignoring the fact that the recent bull market was less intense than it used to be.

Either way, we’re back to a good historical average. “

Cantering Clark points out that during the 2017 bull market, Bitcoin rose more than 11,000% from its bottom. On the other hand, in the 2021 bull market, Bitcoin’s rally was less than 2,000%.

“Do you have eye problems?”

a crypto analyst Warning Traders planning to short Bitcoin due to its relative underperformance over the past few weeks.

Bitcoin is very dull and gives a weak impression.

“Don’t short the boring market.”

This sort of reminds us of 2020 structure away from the March lows. “

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