The crypto strategist who precisely known as Bitcoin’s 2021 collapse says BTC stays bullish regardless of correcting over 15% in a few week.
The pseudonymous analyst identified within the trade as Dave the Wave tells his 124,000 Twitter followers that Bitcoin could also be mirroring its 2018 backside the place it printed an ascending triangle sample to crawl out of the bear market.
“You may measure the fractal with an actual [Fibonacci]… or simply use the comparative angle. Loads of wiggle room whereas staying bullish on the macro.”
In keeping with the crypto analyst, Bitcoin continues to respect key Fibonacci retracement ranges amid the pullback.
“Presently a 50% retracement of the latest transfer up. And a 38% retracement of the macro.”
At time of writing, BTC is buying and selling at $21,286, above Dave the Wave’s key Fibonacci space of $21,000.
Though Dave the Wave says BTC nonetheless appears bullish, fellow crypto analyst Good Contracter doesn’t share the identical sentiment. The crypto strategist who precisely predicted the 2018 bear market backside for Bitcoin believes BTC is poised to print a brand new cycle low.
“My god that was quick. Most likely not occupied with shopping for any BTC till it makes a brand new low beneath $17,000 now. That chart is ugly as hell.”
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Verify Value Motion
Observe us on Twitter, Facebook and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.
Featured Picture: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong