Tue. Nov 30th, 2021

Disclaimer: Opinions revealed at The Daily Hodl are not investment guidance. Financiers should do their due diligence prior to making any high-risk investments in Bitcoin, cryptocurrency or digital properties. Please be recommended that your trades and transfers are at your own threat, and any loses you may sustain are your obligation. The Daily Hodl does not suggest the purchasing or selling of any cryptocurrencies or digital possessions, nor is The Daily Hodl an investment advisor. Please keep in mind that The Daily Hodl participates in affiliate marketing.

$ 45,000-$ 48,000 is really strong resistance in my opinion due to the time we dispersed above it. Disclaimer: Opinions expressed at The Daily Hodl are not investment guidance. Investors need to do their due diligence before making any high-risk financial investments in Bitcoin, cryptocurrency or digital properties. The Daily Hodl does not advise the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl a financial investment advisor. Please note that The Daily Hodl takes part in affiliate marketing.

Featured Image: Shutterstock/Pavel Chagochkin.

Closely followed crypto trader Pentoshi states there will be no stopping Bitcoin after BTC breaks a certain rate location.
The pseudonymous trader informs his 212,000 fans that the $48,000 level is the last point before Bitcoin ends up being unstoppable
.
” Above $48,000, I think theres absolutely nothing stopping this train. Its the last level structurally that can make up a lower high up on the macro.
$ 45,000-$ 48,000 is extremely strong resistance in my opinion due to the time we dispersed above it. Likely see $40,600 once again prior to any real [breakout]”.
Source: Pentoshi/Twitter.
According to the trader, all eyes are on $48,000 or a bullish higher-low setup between the high $30,000 and low $40,000 range for BTC.
When it comes to Ethereum, Pentoshi thinks the worlds second-biggest crypto by market cap will set itself up for a bullish surge right around the $2,700 level.
” Good area for a greater low is marked on the chart Thats the very first area Ill be bidding personally on my new trading port. I d like to see us validate market structure now that we have a greater high, with that follow up on the range highs flipped to support + greater low.”.
Source: Pentoshi/Twitter.
The trader goes as far as to say that Ethereum will eventually turn Bitcoin, or overtake it in regards to market cap, while naming a few key drivers to activate it.
” ETH going to flip BTC. WIll keep this viewpoint, and with everything occurring in this area becoming a growing number of evident.
PoS (evidence of stake) coming will reduce inflation even more.
Issuance will fall 90% EIP-1559 burnStakingSmart ContractsNFTs (non-fungible tokens) DeFi (decentralized finance).”.
Sometimes of writing, Bitcoin is trading at $45,687, and Ethereum is trading at $3,103 according to CoinGecko.
Do Not Miss a Beat– Subscribe to get crypto email alerts provided directly to your inbox.
Follow us on Twitter, Facebook and Telegram.
Surf The Daily Hodl Mix
.
Check Latest News Headlines.

By

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Wizadclick | WAC MAG 2021