latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Top Trader Issues Warning to Bitcoin and Crypto Bulls – Here’s His New Outlook

Top Trader Issues Warning to Bitcoin and Crypto Bulls – Here’s His New Outlook
A crypto analyst known for accurately calling Bitcoin’s bottom in 2018 is issuing an alert on BTC’s short-term trajectory.
The pseudonyous analyst Smart Contracter says BTC appears ready to retrace, and he’s stepping out of the market.

The trader, who is known for using Elliot wave theory as a primary technique, believes BTC could easily drop to $22,000 in the short-term.
“Fuck it, I’m out and chillin in stables for now. Was a good start to the month but I reckon BTC sweeps $22,000 and fuck knows what that will do to alts.”
Smart Contracter is also noting potential strength for the dollar, which just bounced above a historic level of support and resistance.

that weekly SFP on $DXY is straight up ringing alarm bells to me.
Im stabled up, good luck out there.
— Bluntz (@SmartContracter) February 3, 2023

Fellow analyst Michaël van de Poppe says Bitcoin could logically find a healthy way to correct all the way back to $20,000.
However, using the notion that markets tend to shift in directions that inflict the most amount of pain, Poppe says BTC could just as easily continue to break to the upside.
“Theoretically speaking, a correction to $20,000 makes a lot of sense and would be a great buy opportunity for Bitcoin.
However, most of the people are waiting for this correction to happen, as a large group is sidelined. In that regard, continuation upwards is max pain.”
After dropping below $16,000 in November, Bitcoin reached a local high of $24,182 on Wednesday. It has since retraced to its current price of $23,330 at time of publishing.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Motionic Studio/Sensvector
The post Top Trader Issues Warning to Bitcoin and Crypto Bulls – Here’s His New Outlook appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Top Trader Issues Warning to Bitcoin and Crypto Bulls – Here’s His New Outlook

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

SneakPeek Script
Setup, Upload and Go!