Popular Analyst Issues Bitcoin and Crypto Warning, Says Confidence in Markets Is Waning Heres Why

A widely followed cryptocurrency analyst and trader has revealed that the markets are not as bullish as they were a week ago.

Pseudonym Analyst Pentosi To tell His 676,700 Twitter followers say he’s less confident than he was last week as the momentum has waned.

Am I as confident in the market as I was a week ago? No. Its not that many altcoins look tired. We will reduce the number and be less aggressive in the market than we have been in the last few weeks.

Focusing on Bitcoin (BTC), Pentosi said the flagship cryptocurrency would likely drop to a price level of around $21,000 if it fell below its support level of around $23,300.

According to Pentosi, bullish thesis If the largest digital asset by market cap falls below the $23,300 support level, Bitcoin will be worthless.

“Bitcoin.

As I said before, you have to have a bullish bias until the “lose this line” is lost.

Bitcoin is trading at $24,170 at the time of writing.

popular crypto analyst To tell The chart of liquid staking protocol Lido DAO (LDO) says it looks incredible ahead of a Shanghai upgrade that will allow withdrawals of staked Ethereum (ETH).

“To do

finally got the position

Shanghai upgrades around the corner, and liquid staking derivatives should rise again.

The chart looks incredibly piled up and I have a feeling that if it starts moving at any moment, it will be a strong move.

Don’t Miss a Beat Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook and telegram

Surf The Daily Hodl Mix

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey